Copper Prices Surge Above $14,000 Amid Tariffs and AI Demand

Copper prices have hit record highs above $14,000 per tonne due to US tariffs, mine supply shortages, and growing demand from artificial intelligence infrastructure development.

The combination of these factors has created a persistent supply-demand imbalance, driving up prices and prompting buyers to secure long-term inventories. Copper miners are also benefiting from strong returns as demand continues to outstrip supply.

Momentum indicators confirm bullish bias, with the MACD and Awesome Oscillator displaying buy signals. However, overbought conditions prevail, with RSI at 74 and both Stoch RSI and CCI in deep overbought territory.