China’s Metals Mania Sends Copper Soaring as Gold Falls From Record High

Posted on 01/29/2026
|

Copper surged by the most in more than 16 years after a wave of buying from Chinese investors, with prices gaining as much as 11% to trade above $14,500 a ton for the first time ever. Bloomberg's Mike McGlone joins to discuss with Paul Sweeney and Scarlet Fu.

--------

Watch Bloomberg Radio LIVE on YouTube

Weekdays 7am-6pm ET

WATCH HERE: http://bit.ly/3vTiACF



Follow us on X: https://twitter.com/BloombergRadio



Subscribe to our Podcasts:



Bloomberg Daybreak: http://bit.ly/3DWYoAN

Bloomberg Surveillance: http://bit.ly/3OPtReI

Bloomberg Intelligence: http://bit.ly/3YrBfOi

Balance of Power: http://bit.ly/3OO8eLC

Bloomberg Businessweek: http://bit.ly/3IPl60i



Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:

Apple CarPlay: https://apple.co/486mghI

Android Auto: https://bit.ly/49benZy



Visit our YouTube channels:

Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts

Bloomberg Television: https://www.youtube.com/@markets

Bloomberg Originals: https://www.youtube.com/bloomberg

Quicktake: https://www.youtube.com/@BloombergQuicktake