LME copper holds US$6.579/lb on Oct 6 as inventories fall 0.8% to 242,975 tons
LME copper closed October 6, 2026 up 0.5% at US$6.579 per pound (about US$14,504 per ton) while LME warehouse inventories fell 0.8% to 242,975 metric tons. The 2026 year-to-date average of US$6.102 per pound, up 40.5% year on year, sits above Cochilco's full-year projection, with Chilean mine output contracting and Escondida in labor mediation.
LME copper closed October 6, 2026 up 0.5% at US$6.579 per pound (about US$14,504 per ton) while LME warehouse inventories fell 0.8% to 242,975 metric tons. The 2026 year-to-date average of US$6.102 per pound, up 40.5% year on year, sits above Cochilco's full-year projection, with Chilean mine output contracting and Escondida in labor mediation.
Research completed: 2026-10-07T12:01:30.000Z.
Received by Insights: 2026-10-07T12:54:44.329Z.
Source publication date: 2026-10-06.
Sources:
2026-10-06 — https://www.redimin.cl/cobre-sube-a-us-6-579-la-libra-en-londres-mientras-inventarios-caen-0-8
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Source: Mecuvo upstream research · redimin.cl