Industrial Metals Soar: Copper, Aluminum Prices Hit Record Highs, Household Goods to Cost More

• Industrial metals like copper and aluminum are experiencing a significant price surge, with a "monster rally" predicted for 2026.
• Aluminum prices exceeded USD 3,000 per ton, a three-year high, due to China's capacity limits, Europe's production cuts, and strong demand.
• Copper, now over USD 12,000 per ton on LME, is driven by mining accidents in Indonesia, Chile, Congo, and a union strike.
• Nickel supply faces pressure from Indonesia's production cuts and a halt at PT Vale Indonesia mine.
• Consumers face 5-8% price hikes on appliances and bathware as companies pass on rising raw material costs.

Why It Matters: Industrial metal prices are surging, driven by supply issues and demand, leading to higher household goods costs.