LME Copper — spot
~$13,357 / t
▲ cash settlement $13,356.50/t on 9 Jul, up ~$266 (+2.0%) from $13,090.00 on 8 Jul — a sharp rebound that fully reverses Wednesday's drop and pushes back above the $13,300 band; LME stocks drew a further −2,900 t to 307,750 t. Move tracks a softer dollar and renewed AI/grid demand plus US copper-tariff risk; Goldman still flags $14,000+ upside once tariffs bite
LME copper cash-settlement was $13,356.50/t on Thu 9 Jul 2026 (3-month $13,411.00/t), up ~2.0% from $13,090.00/t on 8 Jul and back above the $13,300 band. LME stocks kept drawing to 307,750 t (−2,900 t on the day, from 310,650 t on 8 Jul). Wednesday's brief cost-relief window has closed; structural AI / grid demand plus US tariff risk keep the bias to the upside — lock pricing on any renewed softness. Source: Westmetall / LME cash-settlement (9 Jul 2026).
LME Aluminium — spot
~$3,164 / t
▲ cash $3,164.00/t (+0.7%) on Thu 9 Jul vs $3,141.00 on 8 Jul — a fourth consecutive uptick, though still below ~$3,400 mid-June and the $3,855 peak of 2 Jun; stocks keep drawing (289,225 t, −1,600)
LME aluminium cash-settlement was $3,164.00/t on Thu 9 Jul 2026 (3-month $3,169.00/t), up +0.7% from $3,141.00/t on 8 Jul. The June war-risk premium has fully unwound and prices are grinding back up steadily; stocks keep drawing (289,225 t on 9 Jul, −1,600 t on the day). Aluminium-wound distribution transformer pricing still sits in a relative cost-relief window vs June, but the floor keeps firming. Source: Westmetall / LME cash-settlement (9 Jul 2026).
Transformer mineral oil (drum)
~$1.30–1.70 / L
— stable
Inhibited naphthenic insulating oil, GCC delivered indicative band. No new market report this cycle.
Natural ester (bio) fluid
~$4.50–6.50 / L
— stable
FR3-class ester, indicative band. No new market report this cycle.