Copper Futures Hit Record Highs Above $14,500 per Metric Ton

Copper futures have reached record highs above $14,500 per metric ton due to ongoing supply disruptions and steady demand. This scarcity has intensified buying interest as traders position ahead of potential market shifts. The resulting constrained availability is a key factor supporting copper's momentum in today's market.

The current price of copper (HG) is trading at $6.8183, marking a daily increase and currently positioned above its key moving averages across major timeframes.

Analysts note that copper's outlook was supported by persistent supply constraints and uncertainty around future policy shifts. The latest data confirms and strengthens this assessment, highlighting the importance of monitoring for a breakout above the $6.9509 resistance as a signal for potential further gains.