Copper is making history. 🟠
The metal has just reached a new all-time high of $14,533 per tonne on the LME, taking its gain over the past year to around 17%.
What’s interesting is that this surge isn’t happening in isolation. Expectations of tariffs are drawing large quantities of refined copper into the U.S., while aging mines are struggling to keep up with rising demand from AI data centers, renewable energy, and the expansion of electrical grids.
If demand continues to accelerate while supply stays tight, copper could head toward a serious supply crisis.
The AI boom is no longer just a tech story. It’s also becoming a commodities story.$COPPER
The metal has just reached a new all-time high of $14,533 per tonne on the LME, taking its gain over the past year to around 17%.
What’s interesting is that this surge isn’t happening in isolation. Expectations of tariffs are drawing large quantities of refined copper into the U.S., while aging mines are struggling to keep up with rising demand from AI data centers, renewable energy, and the expansion of electrical grids.
If demand continues to accelerate while supply stays tight, copper could head toward a serious supply crisis.
The AI boom is no longer just a tech story. It’s also becoming a commodities story.$COPPER
