What is behind the record-breaking spike in copper prices?
On Monday, copper hit a record peak on the London Metal Exchange, with futures for the three-month period reaching $14,533 per tonne. This jump was fueled by worries over US tariffs, a rise in domestic copper stockpiles, and supply levels failing to keep pace with market needs. The surge was further bolstered by rising demand from the renewable energy sector, power grids, electric vehicles, and AI infrastructure.
by shortkt.com✓