LME three-month copper rises 1.1% to $14,461.50 per ton
智通财经2026/10/09 02:26Analysts at ANZ Bank stated in a research report that rising energy prices and an overnight sell-off in the Nasdaq, which is dominated by tech stocks, have dampened investors’ risk appetite. However, copper prices remain near historic highs, supported by constrained supply. The analysts noted that workers at the Centinela copper mine in Chile are on strike, exacerbating supply limitations. They also indicated that market sentiment has turned relatively optimistic as Chinese traders return after a week-long holiday, providing some support for copper prices. According to ICE data, London Metal Exchange (LME) three-month copper futures rose by 1.1% to $14,461.50 per ton.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US aerospace and defense stocks remain chilly! JPMorgan warns: Military spending outlook darkens, cooling aviation demand, and even positive Q3 results may not reverse the downturn
According to information from Zhitong Finance APP, JPMorgan believes that aerospace and defense companies are about to face a challenging third-quarter earnings season. The slowing growth of air passenger traffic, uncertainties about the outlook for U.S. military spending, and persistent supply chain constraints are all weighing on investor sentiment.
Bernstein says TSMC's Q3 revenue of 1.49 trillion New Taiwan dollars exceeded expectations by 3%
Bernstein stated that the continued growth in artificial intelligence demand and the resilience of high-end smartphone demand may continue to drive revenue growth for TSMC (TSM.US). Bernstein analysts pointed out that, based on monthly revenue data, TSMC's revenue in the third quarter reached NT$1.49 trillion, 3% higher than market expectations. The firm expects TSMC's revenue this year, denominated in US dollars, to grow by 41%. Analysts said that TSMC will release its full third-quarter financial report on Thursday, and investors will focus on its 2-nanometer process capacity ramp-up, the possibility of further expansion in the US, and the outlook for 2027. Bernstein believes there is upside potential to its previous forecasts of 30% annual revenue growth for TSMC in 2027 and 2028.

INE crude oil main contract fell 1.04% intraday, latest reported at 729.7 yuan/barrel
The main contract of Chinese INE crude oil futures just broke through the 730.0 yuan/barrel mark, now trading at 729.7 yuan/barrel, down 1.04% for the day.
Nymex US crude oil futures main contract falls 1.01% intraday to $90.57 per barrel.
Nymex US crude oil futures main contract fell by 1.01% intraday and is quoted at $90.57 per barrel.