Russia Ranks Sixth Worldwide in Copper Reserves as Prices Hit Record High
Copper futures for December 2026 delivery rose 2.44% to $6.9275 per pound, reaching an all-time high.
Russia ranks sixth in the world in terms of copper reserves, according to a report by TASS, published as copper prices reached a record high.
Copper futures for December 2026 delivery rose 2.44% to $6.9275 per pound at the close of trading on September 22, marking an all-time high for the metal.
The report did not detail the specific figures behind Russia's reserve ranking or name the countries positioned above it, nor did it elaborate on the factors driving the recent rise in copper prices.
Copper is a key industrial metal used widely in construction, electronics and renewable energy infrastructure, and its price movements are often viewed as an indicator of global industrial demand.
Further details on how Russia's reserve position might affect its role in global copper markets were not provided in the report.
Sources
- Russia ranks sixth worldwide in copper reserves — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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