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30 Jan 2026
Copper sinks as frenzy in China ebbs at close of turbulent week
Summary
Copper prices fell nearly 4% to around US$13,000 a tonne on the London Metal Exchange (LME) after peaking at US$14,500. The decline was attributed to a technical glitch on the LME, a stronger US dollar, and a pullback from Chinese investors. Despite the drop, copper remains on track for a weekly gain, driven by optimism about demand from the energy transition and a weakening US dollar.