Copper has hit an all-time high of $14,533 per tonne on the London Metal Exchange, marking a 17% increase compared to last year. This jump comes as global markets react to potential US import tariffs. Investors are currently moving significant amounts of copper into the United States to beat upcoming trade restrictions, while older mining operations are finding it difficult to keep up with growing needs. Additionally, the global demand for the metal is being fueled by the expansion of power grids, new clean energy initiatives, and the rise of AI data centres.

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