Copper Up 2.7% to $13,943/ton

Copper on LME jumped 2.7% to $13,943 per metric ton, a three‑month high as of 1013 GMT on 12 May 2026.
The rally stemmed from supply‑disruption worries and bullish technicals, persisting despite President Donald Trump's remark that the Iran ceasefire was “on life support.”
The price increase follows a record‑closing session on Monday, underscoring heightened market sensitivity to geopolitical tensions and commodity fundamentals.