Copper price notches another record before retreating as squeeze eases

Copper set another record in New York early on Wednesday before giving up the gains, as signs that the squeeze gripping the London market is easing prompted a bout of profit-taking, with supplies outside the US still tight ahead of Washington’s tariff decision. Comex copper for September delivery touched $6.7775 a pound (about $14,940 a tonne) in early trading, a …

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Trump wants to bring aluminium home, but it won’t be easy

President Donald Trump says the US “desperately needs” aluminium. His comments highlight the limits of the administration’s tariff-led strategy. Trump’s comments came after US-Canada trade talks collapsed. The two countries had been close to a deal that could have cut the tariff on Canadian aluminium from 50% to 25%. The US does not produce enough aluminium to meet domestic demand and relies …

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Gold Is Winning the Battle for Monetary Trust

Gold and silver have pushed decisively higher, but veteran precious metals analyst David Morgan believes the bigger story goes far beyond the latest price move. Speaking with Money Metals podcast host Mike Maharrey, Morgan, publisher of The Morgan Report, argued that investors are witnessing a growing contest between precious metals and the credit-based monetary system. With gold trading above $4,500 per ounce and silver approaching $69 …

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Copper price run signals supply squeeze: Sprott

Copper’s roughly 50% surge over the past year is increasingly looking less like a traditional commodities cycle and more like a structural squeeze as mine shortages collide with rising demand from power grids, artificial intelligence (AI) and defence, according to Sprott Asset Management analyst Jacob White. The metal has climbed from below $10,000 per tonne over the past year and continued setting records this …

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U.S. Leaves Europe Behind in Critical Minerals Race

The United States is forging ahead with its critical minerals ambitions, investing billions in securing non-Chinese supply, while in Europe, the central EU government “hesitate, over-administrate, talk and lose time.” The EU was already behind the U.S. on critical minerals. Now, it has fallen further behind, which means a lot more work would need to be done to catch up. …

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Canada’s Opportunity to Remake Its Economy through Critical Strategic Minerals

Energy crisis as an opportunity, but not the one Canada thinks. The well-worn trope that every crisis presents an opportunity holds up well in present circumstances.  The stalemate between Iran and the US over control of the Strait of Hormuz would seem to indicate a potential windfall for oil and LNG (liquified natural gas) as prices start to spike.  The potential …

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What’s Driving Metal Markets Prices for Copper, Steel and Aluminum in 2026?

What’s Driving Metal Markets Prices of industrial metals like copper, steel and aluminum remain highly responsive to incremental signals from geopolitical activity, manufacturing demand and policy-driven shifts. Here are the latest developments to watch and the outlook for aluminum, steel and copper prices going forward. Is a Copper Shortage on the Horizon? Geopolitical conflict in the Middle East and the …

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Zinc hits four-year peak on supply fears and speculators

Prices of zinc in London hit their highest in more than four years on Friday as the accumulation of stocks in China, the world’s biggest metals consumer, drove concerns about shortages elsewhere, leading to speculative buying. Benchmark zinc on the London Metal Exchange CMZN3 hit $3,823.85 a metric ton on Friday, its strongest since June 2022. Zinc, mainly used to galvanise steel, has gained 22% on the LME so far this …

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Gold and silver surge in August as mounting US debt fears rattle markets

Gold and silver have both stormed higher this August, driven by a softening dollar, mounting US government debt and fading expectations of a further Federal Reserve rate hike, as investors return to safe havens. Precious metals have become one of the standout trades of the month, clawing back losses suffered earlier in the year, silver even more sharply than gold. …

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Money and ‘a lot of noise’: how the US’ critical-minerals industry is vying with China’s

State-backed funding is driving American efforts to build domestic supply, but industry trends and price gaps are still seen as hurdles to reducing reliance on China. Patriot Critical Minerals of the US plans to dig into a long-abandoned mining site in the sparsely populated state of Nevada to extract tungsten, an important raw material with industrial uses ranging from aerospace …

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