Copper, Aluminum Soar: Household Goods to Get Costlier by 2026
Business
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Moneycontrol•03-01-2026, 09:04
Copper, Aluminum Soar: Household Goods to Get Costlier by 2026
- •Industrial metals like copper and aluminum are experiencing a sharp price rally, extending momentum from precious metals.
- •Aluminum surpassed USD 3,000/tonne due to supply constraints in China/Europe and strong demand from construction/renewables.
- •Copper surged past USD 12,000/tonne on LME, driven by mining disruptions in Indonesia, Chile, and DRC, and labor unrest.
- •The rally, fueled by falling interest rates, weaker dollar, and China's recovery, will make copper-intensive household goods 5-8% costlier.
- •Goldman Sachs forecasts elevated copper prices through H1 2026, impacting consumer budgets.
Why It Matters: Surging copper and aluminum prices will make household goods significantly costlier by 2026.
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