Copper Prices Near Record High as China Demand Drives Upward Rally

Copper prices are on the cusp of reaching an all-time high, driven by surging demand from China and tight inventories worldwide.

The red metal is just 1% away from its record high, with several factors contributing to the rally. Chinese markets have been a key driver of copper's price increase, as Beijing's infrastructure projects and renewable energy initiatives fuel demand for the metal.

Additionally, shrinking inventories are also putting upward pressure on prices. Copper stocks have dwindled in recent months, leaving less supply available to meet growing demand.