Copper Prices Soar to All-Time High Amid Supply Shortages

Copper prices have reached an all-time high on the London Metal Exchange, with three-month futures trading at $14,533 per tonne. This surge in price was largely driven by concerns over US tariffs and a mismatch between supply and demand. The increased demand for copper is being fueled by its use in AI infrastructure, electric vehicles, power grids, and renewable energy.

The high prices have also been attributed to growing copper inventories in the US, which are struggling to meet the increasing demand. This has led to a shortage of available copper, further driving up prices.