Copper’s slide picked up pace this week. LME copper fell about 2.7%, its fourth weekly decline in a row and the biggest of the run, while aluminium edged up and lead fell again.
Copper
LME copper fell about 2.7% on the week, following drops of about 0.9%, 1.8% and 1.0% in the previous three weeks. Taken together, that is a fall of roughly 6% over four weeks.
Market commentary points to sentiment around AI and data centre demand, a big source of future copper use, as a key driver this week. Tight physical supply is cushioning the move, so this is a market under pressure from both sides rather than a one-way fall.
Aluminium (HG)
LME aluminium rose about 0.4%. That follows a flat week and a 1.8% gain the week before, so aluminium has held its recent gains and nudged slightly higher.
Lead
LME lead fell about 1.4%, the same size of fall as last week. Lead is now down around 2.8% over two weeks, after the 2.2% rise before that.
What it means for trade sellers
Copper has now fallen four weeks running, and this week’s fall was the largest. It is a clear run rather than a one-off, but it is still a steady drift, not a crash, and nobody can call where it stops.
The offer you get also depends on more than the LME headline. Local buyers, their stock levels and what they need this week all move the price you are quoted. The more buyers who see your material, the more likely you are to find one who wants it.
If you are holding copper, cable, lead or other non-ferrous, listing now shows you what buyers will quote today, with no commitment to sell. Add a photo, the material, the weight and your location, and let buyers quote their best price. It is free to use.
List your scrap on ScrapBays: https://app.scrapbays.co.uk
Sources: London Metal Exchange official prices · Asharq Al-Awsat via UA.NEWS, 6 Nov 2026
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