Copper Falls as Lunar New Year Holiday Begins in Commodity News 16/02/2026 Copper dropped nearly 1% to around $5.75 per pound on Monday, extending last week’s losses as mainland Chinese investors were away for the week-long Lunar New Year holidays, keeping trading volumes low and economic activity subdued. Other Asian markets, as well as the US, were also closed for public holidays. The metal had reached record highs above $6.5 per pound in late January amid speculative buying from Chinese investors, before falling as much as 15% as sentiment reversed. Still, copper remains supported by ongoing supply disruptions and strong global demand from power grids, data centers, and electric vehicles. This demand puts major industrial players, including China, the US, Canada, Europe, and India, in competition to secure supplies. Source: Trading Economics 2026-02-16 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share