Commodities
AI Boom and Tariff Uncertainty Fuel Copper Price Surge
The copper market is experiencing record highs due to two major factors: the AI boom and uncertainty surrounding tariffs.
Copper prices have been rising steadily, with some attributing this growth to the increased demand for electric vehicles and renewable energy infrastructure.
According to reports, the price of copper has reached a new high of $9,500 per tonne, driven by supply chain disruptions and concerns over trade agreements.