Copper Hits Fresh All-Time High Amid Supply Risks

Copper futures have reached an all-time high of $6.7 per pound after climbing above that mark on Wednesday.

The surge in prices is partly due to supply-side risks, despite a recent easing of market pressure.

Traders are diverting shipments towards the US amid elevated premiums and expectations of new tariffs under the Trump administration.

Zijin Mining has warned that flooding at the Kamoa-Kakula copper complex in the Democratic Republic of Congo could cut its share of production by as much as 57,000 tons this year.