AI Boom and Tariff Uncertainty Fuel Record Copper Prices

The price of copper is reaching record highs due to two major factors: the boom in artificial intelligence (AI) and uncertainty surrounding tariffs.

Copper, used in a wide range of industries including renewable energy and construction, has seen its price surge as demand increases. The AI boom, driven by companies like Google and Microsoft, is driving up copper prices due to the metal's essential role in powering data centers and servers.

Tariff uncertainty is also contributing to copper's record highs. The ongoing trade tensions between countries have led to concerns about disruptions to global supply chains and increased costs for producers.