(Dec 31): Copper headed for its biggest annual gain since 2009, fuelled by bets that demand for the key metal in electrification will outpace supply. The red metal has notched a series of all-time highs in an end-of-year surge, rallying over 40% on the London Metal Exchange this year. They pointed to Federal Reserve easing, a boom in technology industries and the reshaping of global supply chains because of US tariffs as bullish for the red metal. Copper slipped 0.4% to US$12,515 (RM50,773.35) a tonne on the London Metal Exchange as of 12.01pm in Shanghai (same time as Malaysia). Iron ore futures rose 0.1% to US$105.75 a tonne on the Singapore Exchange, up 5% this year.

Source: The Edge Markets December 31, 2025 04:56 UTC