Copper Hits Record High as Global Demand Surges
What Happened
Global copper prices have climbed above $14,500 per metric ton, driven by strong demand from artificial intelligence infrastructure, power grids and data centres. The rapid expansion of AI is increasing the need for copper in electrical wiring, cooling systems and energy networks, while supply disruptions are tightening the global market.
Key Takeaways
Copper is becoming one of the biggest beneficiaries of the AI and electrification boom. With demand rising faster than supply, analysts warn of a growing supply crunch that could keep prices elevated and increase costs for industries ranging from technology and energy to construction and electric vehicles.