Copper Rallies Above $14,000 a Ton, Nearing Fresh All-Time High Mark Burton and Yvonne Yue Li Tue, 12 May 2026 at 3:11 pm BST 1 min read (Bloomberg) -- Copper jumped above $14,000 a ton, closing in on a record high as a rebound in Chinese demand and rising supply risks outweigh concerns about the Iran war’s impact on global growth. Prices rose as much as 0.6% to $14,025 a ton on the London Metal Exchange, inching closer to an all-time high above $14,500 a ton set in January.