Copper price closes in on new record as Shanghai, London warehouses empty out
Published . Updated .
Imported copper landing in China is going straight to fabricators and skipping warehouses with Shanghai stocks dropping 70% since June.
Directly affected
- No company is named in this report.
Indirectly affected
- XLB Materials Select Sector SPDR
A fund of materials companies
- GLD SPDR Gold Shares
Gold miners and the metal move together
- FCX Freeport-McMoRan
A large copper miner
- NEM Newmont
A large gold miner
- HL HECLA MINING CO
GA selected HL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- MP MP MATERIALS CORP
GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- RYAM RAYONIER ADVANCED MATERIALS
GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- SCCO SOUTHERN COPPER CORP
GA selected SCCO as a RELATED security because its canonical security name directly matches this event's themes: copper. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- ARIS ARIS MINING CORPORATION
GA selected ARIS as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- CNL COLLECTIVE MINING LTD
GA selected CNL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Imported copper landing in China is going straight to fabricators and skipping warehouses with Shanghai stocks dropping 70% since June.
Source: Mining.com
Price since this story was published: Hecla Mining (HL)
Since the first closing price after “Copper price closes in on new record as Shanghai, London warehouses empty out,” Hecla Mining (HL) is -17.72%. The S&P 500 fund (SPY) is -0.17% over the same days, a -17.55% difference versus the market.
Who gains and who loses around Hecla Mining (HL)
Companies tied to this story
- HL Hecla Mining
For “Copper price closes in on new record as Shanghai, London warehouses empty out,” Hecla Mining (HL) is linked, with no stored direction, medium confidence. Reason on file: GA selected HL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- MP MP Materials Corp. / DE
In “Copper price closes in on new record as Shanghai, London warehouses empty out,” MP Materials Corp. / DE (MP) is linked, with no stored direction, medium confidence. Reason on file: GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- RYAM Rayonier Advanced Materials
In “Copper price closes in on new record as Shanghai, London warehouses empty out,” Rayonier Advanced Materials (RYAM) is linked, with no stored direction, medium confidence. Reason on file: GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- SCCO Southern Copper Corp/
Southern Copper Corp/ (SCCO) is linked, with no stored direction, medium confidence in the 22 Sep 2026 story “Copper price closes in on new record as Shanghai, London warehouses empty out.” Reason on file: GA selected SCCO as a RELATED security because its canonical security name directly matches this event's themes: copper. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ARIS Aris Mining
For “Copper price closes in on new record as Shanghai, London warehouses empty out,” Aris Mining (ARIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected ARIS as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CNL Collective Mining
In “Copper price closes in on new record as Shanghai, London warehouses empty out,” Collective Mining (CNL) is linked, with no stored direction, medium confidence. Reason on file: GA selected CNL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Hecla Mining (HL)
“Copper price closes in on new record as Shanghai, London warehouses empty out” (22 Sep 2026) reaches Hecla Mining (HL) through this story.
The link for Hecla Mining (HL) is this: GA selected HL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
MP Materials Corp. / DE (MP) is here too. Its reason reads: GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for Hecla Mining (HL), and the dates in the story
HL traded between 14.65 and 19.29 across 20 sessions. The latest close on file is 15.04. MP traded between 38.61 and 51.35 across 20 sessions. The latest close on file is 38.97. RYAM traded between 6.57 and 9.40 across 20 sessions. The latest close on file is 6.88.
A simple score for Hecla Mining (HL)
46 out of 100
“Copper price closes in on new record as Shanghai, London warehouses empty out” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.