Copper tracked by CPER closed at US$39.95, up 0.10%, on Friday as Chile and Peru supply risks met China's structural demand and tariff concerns.

Chile copper price hit a record US$6.60 a pound this week, but the government's 2027 budget still assumes just US$5.37 a pound.

Copper hit an all-time LME high of $14,527.50 per metric ton in January 2026, driven by US tariff fears, record imports, and mine supply