Copper Resumes Gains as Traders Await Federal Reserve Meeting
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Copper and other industrial metals rose as investors awaited the US Federal Reserve’s final policy meeting of the year for clues on the central bank’s thinking about the US economy in 2026.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Copper and other industrial metals rose as investors awaited the US Federal Reserve’s final policy meeting of the year for clues on the central bank’s thinking about the US economy in 2026.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Prices on the London Metal Exchange rose as much as 1.3% to $11,641.50 a ton, recovering most of a decline from the previous session. Investors are expecting the Fed to deliver a quarter-point rate reduction later on Wednesday, and a key focus will be on how Chair Jerome Powell describes the bank’s views on growth, inflation and rates for next year. Kevin Hassett, the frontrunner in US President Donald Trump’s search to replace Powell as Fed chair, said Tuesday that he sees plenty of room to substantially lower rates.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Copper — a metal critical for electrification and the energy transition — has gained more than 30% on the LME this year. It hit a record $11,771 a ton earlier this week, fueled by concerns that a rush of metal to the US to front-run possible import tariffs will fuel shortages elsewhere.The copper market is in for a “very, very volatile” year in 2026 given uncertainties around US tariffs, Guy Wolf, head of market analytics at Marex Group Plc. said in an online briefing. Copper rose 0.7% to $11,565 a ton on the LME as of 3:53 p.m. in Shanghai. Aluminum and zinc also gained, while tin extended a period of volatility with a gain of more than 2%.(An earlier version of this story corrected a price in the fourth paragraph.)Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2025 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.