Copper prices continued to strengthen during June 2026 as tightening supply conditions rising electrification demand and improving geopolitical sentiment supported market fundamentals according to the latest market intelligence from Price WatchTM Growing consumption from renewable energy electric vehicles data centers ...

Copper has broken into new territory.

Record July shipments show DRC cathode becoming a meaningful part of the US physical copper market despite lacking COMEX approval, broadening US supply beyond Latin America and giving Congolese producers a larger outlet outside China.

Chile dismantled a $917M copper-theft ring on Apr 8, 2026, that routed ore to China, raising compliance costs and supply-chain risk for miners and traders.

Panama approved Cobre Panama to process stockpiled ore on Apr 8, 2026; unlocking potential volumes equivalent to 75k–175k t of copper could ease near-term tightness.

Raymond James upgraded Trilogy Metals on Apr 6, 2026 (Seeking Alpha). Copper traded near $4.10/lb and Trilogy’s market cap was ~ $320m on Apr 6, 2026.

Copper fell 1.8% on Mar 24, 2026 to near $8,920/tonne (Bloomberg); the Iran conflict and softer Chinese demand risk a second weekly decline.

Scott Barlow, Market Strategist at The Globe and Mail, presents a comprehensive overview of recent research on Canadian financial markets. Bank of America analyst Ebrahim Poonawala highlighted TD Bank and National Bank as top picks among Canadian banks, citing positive economic conditions, capital market momentum, and share buyback programmes as key drivers. While acknowledging challenges like domestic macroeconomic pressures, housing market concerns, and USMCA uncertainties, Poonawala maintains a constructive outlook, forecasting double-digit EPS growth from FY26 to FY28 and a relative valuation discount in the sector. Meanwhile, industrial REITs are experiencing a more balanced market, transitioning from periods of excess demand to normalization by H2 2026. Dream Industrial and Granite REIT remain preferred picks according to Scotiabank analyst Himanshu Gupta. In the copper market, RBC Capital Markets analyst Sam Crittenden reports near-record prices due to strong Chinese demand and supply disruptions from Peru, Chile, and the Middle East, with positive developments in Argentina supporting projects like Lundin and First Quantum. Analysts recommend First Quantum, Capstone, Hudbay, and Sandfire as outperformers. Overall, the report signals cautious optimism for Canadian banks, selective confidence in industrial REITs, and continued volatility but opportunity in the copper sector, highlighting strategic investment opportunities across multiple industries.

Deal extends Polish copper and silver producer's existing partnership by nine years, from 2028 to 2036.

Global Oxygen-Free Copper Market, By Grade (Copper Oxygen-free Electronic (Cu-OFE), Copper Oxygen-free (Cu-OF)), Product (Wire, Strips, Rods, Busbars, Others), Industry (Electronics & Electrical, Auto...

Global Oxygen-Free Copper Market, By Grade (Copper Oxygen-free Electronic (Cu-OFE), Copper Oxygen-free (Cu-OF)), Product (Wire, Strips, Rods, Busbars, Others), Industry (Electronics & Electrical, Auto...

Investing.com -- RBC Capital Markets said copper prices have climbed in recent weeks on improving U.S.-China trade sentiment and a weaker dollar, but warned that a potential U.S. tariff decision on the metal could act as a negative catalyst. While strong metals prices are expected to help mining companies offset weaker second-quarter operational performance, RBC said equity valuations have largely caught up to commodity gains. Copper equities under its coverage are up 14% year-to-date, outpacing the 4% rise in LME copper prices after lagging earlier in the year. The firm noted that several miners are pointing to stronger output in the second half, suggesting Q2 may mark a low point for production. It highlighted Hudbay, Capstone and First Quantum among its preferred names, citing improving free cash flow and project de-risking efforts. RBC expects Freeport-McMoRan (NYSE:FCX) to post a strong quarter, helped by high gold prices and delayed Q1 sales. For Teck Resources (NYSE:TECK), the key will be whether weak production and grades at its QB mine in April persisted through May and June. First Quantum’s results may reflect lower quarter-over-quarter production, in line with guidance, but investor focus will remain on the situation in Panama. RBC estimates that the market is pricing in about half the potential value of the Cobre Panamá asset. Elsewhere, Ivanhoe Mines (OTC:IVPAF) may report a disrupted quarter due to a recent seismic event, while Capstone is expected to show continued operational improvement in Chile. Hudbay faces a temporary production hit from wildfires in Manitoba, though Peru grades are set to improve later in the year. RBC maintained a positive medium-term outlook for copper, expecting fundamentals to improve into 2026 if trade conditions stabilize and supply remains tight.

Traders Draw Down LME Copper Stocks as Chinese Market Tightens  Bloomberg.com

JOHANNESBURG(Reuters) - Vedanta (NYSE:VEDL) Resources, is considering a U.S. public listing for its Zambian unit Konkola Copper Mines as one of its options to try to raise about $1 billion for mine development, three sources familiar with the details, told Reuters. The miner, owned by Indian billionaire Anil Agarwal, has hired Barclays and Citigroup (NYSE:C) to advise on the plans for an initial public offering, said the sources, who declined to be named due to sensitivity around the discussions. Vedanta is considering New York as one of the options to list KCM, as the Zambian unit is known, the sources said. They said the discussions were at an early stage and a timeline had yet to be finalised. A spokesperson for Vedanta Resources declined to comment beyond saying various options were under consideration. "We continue to evaluate a range of financing options, including internal accruals, debt instruments, and equity options, as we invest and grow our operations across the world," the spokesperson said. Citigroup declined to comment, while Barclays did not respond to emailed questions from Reuters. Vedanta has said it wants to raise capital as part of its plans to gradually increase copper output to about 300,000 metric tons per year over the next five years. KCM’s output dwindled as Agarwal fought a protracted legal battle to reclaim the assets after former Zambian president Edgar Lungu’s administration forced KCM into provisional liquidation. It had accused Vedanta of failing to invest to boost copper production. Agarwal regained control of the copper mines, smelter and refinery last year. Vedanta has since established a U.S.-based entity, Global Transition Resources Inc., which it said in a post on Linkedin produces copper, cobalt and gold in Africa. Reuters could not immediately establish whether Global Transition Resources would be the entity to house the assets in question in the event of a U.S. listing. Copper, with uses from power to construction, is in demand from the electric vehicle sector and new applications such as data centres for artificial intelligence. Vedanta said KCM holds one of the world’s highest grade deposits of copper, together with reserves of about 400,000 tons of cobalt, another mineral needed for the transition to cleaner energy. Since recovering the assets from the Zambian government, Vedanta has secured short-term financing and started paying debts to local creditors, including bills for supplies of electricity, which had built up during the period. It also increased spending on the communities surrounding the mines. Vedanta last year attempted to sell a stake to United Arab Emirates-based International Resources Holding (IRH), but the deal collapsed due to valuation differences, Reuters reported. A separate process to sell at least a 30% equity stake in the mines had not been successful, leaving listing as one of the most viable options, one of the sources said. Vedanta is splitting its oil-to-metals conglomerate into five separate businesses, with plans to separately list the units. C: is this perennial leader facing new challenges? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is C one of them?

LONDON (Reuters) - London-listed miner Glencore (OTC:GLNCY) has declared force majeure on copper shipments from its Chilean Altonorte smelter, where production has been suspended, two industry sources said. Companies declare force majeure when unexpected circumstances prevent them from meeting contractual obligations. The sources did not know how long operations at Altonorte, which has capacity to produce 350,000 metric tons of copper a year in anode form, would be suspended. Glencore declined to comment. Altonorte’s output is a fraction of refined global copper supplies estimated at around 26 million tons, but a long suspension could widen the deficit some analysts are expecting this year. Much of the copper produced in Chile is shipped to the U.S., where prices on COMEX have soared to record highs on worries about shortages due to tariffs on imports of the metal used in the power and construction industries. The most active copper contract on COMEX for settlement in May hit $5.3740 a lb or $11,847 a ton on Wednesday. The force majeure was first reported by Bloomberg on Tuesday.