Copper prices near all-time high: Structural shift or speculative spike? Here’s where the red metal is headed by ET Markets | January 6, 2026 2:05 pm | Indian Stocks, Market, News Copper prices extended their rally, with MCX January 2026 futures jumping over 1.3% to Rs 1,330.45 per kg, nearing lifetime highs. The metal has surged sharply from a low of Rs 913.70, with record levels now within reach.