Metals Market Soars: Copper, Gold, Silver Hit Record Highs; Aluminum at 3-Year Peak

Commodity
M
Moneycontrol•14-01-2026, 17:10
Metals Market Soars: Copper, Gold, Silver Hit Record Highs; Aluminum at 3-Year Peak
- •Copper prices on COMEX, LME, and in India reached record highs due to US tariff fears and supply concerns.
- •Aluminum surged to a 3-year high on LME, crossing $3200, driven by supply declines and production issues in China, Indonesia, Iceland, Mozambique, and Australia.
- •Silver hit a record high for the fourth consecutive day, nearing ₹2.90 lakh on MCX and crossing $91 internationally, supported by export restrictions and production declines.
- •Gold continued its record run, crossing ₹1.43 lakh on MCX and $4630 internationally, with China's consistent buying and increased Gold ETF investments.
- •Geopolitical tensions, US inflation data, and expectations of rate cuts are providing support for precious metals.
Why It Matters: Copper, gold, and silver are at record highs, while aluminum hits a 3-year peak amid supply concerns and global events.
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