Copper Surges to Three‑Month High as Grasberg Production Delays Tighten Supply

Copper prices climbed to a three‑month peak on Friday, driven by Bloomberg’s latest report that Freeport‑McMoRan’s Grasberg mine may not reach full output until 2027‑28. The London Metal Exchange’s March contract rose 1.3% to $13,558.50 per metric ton, setting the stage for the biggest weekly gain since October 2025. While global supply faces short‑term tightening, demand is expected to stay robust, buoyed by infrastructure spending, AI deployments and the energy transition.

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