Copper Price Analysis – January 13, 2026 ➡ “Copper Soars to Record High – The Metal of the Future”
Copper Price Situation & Outlook (LME COPPER)
As of January 13, 2026
Global copper prices remain heated, continuously breaking new records. Driven by speculative buying, shrinking inventories, and surging demand from fast-growing industries, copper has become a strategic resource — the “metal of the future” — essential for global infrastructure and technological development.
Global Market (LME)
Record High: Copper prices on the London Metal Exchange (LME) surpassed $13,000/ton for the first time in history in early January 2026.
Latest Price: On January 12–13, 2026, the LME Copper 3-Month contract traded between $13,200–13,300/ton, up more than 3% from the previous month.
Key Drivers:
Intense speculation in the Chinese market
Continuous decline in LME copper inventories
Concerns over potential U.S. import tariffs
Major mining mergers (e.g., Rio Tinto) reshaping supply chains
Strong demand from EVs, AI infrastructure, transmission networks, and clean energy projects
Copper Prices in Thailand (Scrap Market, Jan 2026)
Domestic prices have risen in line with global trends:
Bright/Shiny Copper Wire: 330–350 THB/kg
Large Copper / Old Pipes: 330–335 THB/kg
Small Copper Wire (Plated): 335–340 THB/kg
Short-Term Outlook & Forecast
Analysts from Goldman Sachs and J.P. Morgan forecast copper prices to remain elevated in the first half of 2026, averaging $12,000–12,750/ton.
Supply shortages from mines continue to lag behind rapidly increasing demand.
SO OK TRADING Estimate:
Full-year average: $12,850–13,500/ton
January 2026 average: $13,200/ton
Offer from SO OK TRADING
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Contact Us
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SO OK TRADING – Your Trusted Partner in the Global Metals Market
