Copper prices rebounded on Wednesday during London Metal Exchange (LME) Week after U.S. Federal Reserve Chair Jerome Powell signaled the central bank is on track for another quarter‑point rate cut this month. Intraday, copper rose as much as 1.8%, with three‑month LME copper settling 0.6% higher at $10,641 per metric ton as of 5:51 p.m. London time. Traders and executives at LME Week said $12,000/t is within reach this year amid ongoing mine supply disruptions and investment inflows into metals. Kenny Ives, head of the trading arm of CMOC Group, told a Bloomberg forum that $12,000/t could be achieved “quite easily,” a view echoed by Mercuria’s head of metals research Nick Snowdon, who cited serious supply setbacks and investor demand. Others urged caution: Trafigura’s Graeme Train said China may have passed the peak of its latest industrial cycle, while Goldman Sachs’ Eoin Dinsmore said the global market remains in surplus and should be balanced next year. The latest advance follows a rally that took copper within striking distance of a record above $11,100/t last week before U.S.–China tensions triggered a pullback. Other base metals also firmed on the day.