{
  "id": 18272884,
  "title": "Copper, industrial metals climb on macro optimism after US midterms",
  "url": "https://urgent.news/2026/11/05/copper-industrial-metals-climb-on-macro-optimism-after-us-midterms",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-05T07:12:56.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447542/copper-industrial-metals-climb-on-macro-optimism-after-us-midterms"
  },
  "original_language": "en",
  "account": "Copper and the industrial metals complex experienced a significant rally on Thursday, driven by overall macroeconomic optimism. The positive impact of yesterday's US midterm election results was evident in investor sentiment.\n\nThe benchmark three-month copper price on the London Metal Exchange increased by 0.48%, trading at $14,078.5 a metric ton by 0300 GMT. Similarly, the most-traded copper contract on the Shanghai Futures Exchange rose by 0.71%, reaching 108,250 yuan ($16,221.85) per ton.\n\nInvestors are hopeful that a divided Washington will reduce the unpredictable policy environment that has troubled global markets during the Trump administration. Oil prices plummeted overnight, prompting speculation that the shift of power in Washington could lead to an end to the US-Israeli conflict with Iran, which had negatively affected copper prices by dampening the global growth outlook.\n\nOutside the US, copper remained in high demand. In China, the largest consumer of copper, the Yangshan premium, a measure of its appetite for imported copper, surged to $205 a ton, its highest level in 12 years. However, copper gains were somewhat restrained by concerns that a Democrat victory might curb the development of AI infrastructure.\n\nThe decline in the US dollar, which fell by 0.18%, made greenback-denominated commodities more affordable for buyers using other currencies. This, coupled with positive sentiment towards clean energy, led to a rise in solar and clean energy stocks. Nickel, essential in batteries and steel production, saw a notable gain, with prices on both the London Metal Exchange and Shanghai Futures Exchange increasing by double digits.\n\nAmong the other metals, aluminum, zinc, lead, and tin also experienced gains. On the Shanghai Futures Exchange, these commodities witnessed particularly strong increases, with tin gaining a remarkable 2.98%.",
  "summary": "SINGAPORE: Copper and the industrial metals complex rallied on Thursday amid wider macroeconomic optimism as investor sentiment was boosted by yesterday’s US midterm election results. Benchmark three-month copper on the London Metal Exchange was up 0.48% at $14,078.5 a metric ton by 0300 GMT. The most-traded copper contract on the Shanghai Futures Exchange rose 0.71% to 108,250 yuan ($16,221.85)…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}