Copper Soars Near Record High on AI-Driven Demand

Copper prices are near record highs due to strong demand from artificial intelligence infrastructure and supply disruptions.

The Copper futures contract (HGU6) recently reached a high of $6.86, a level that represents record-high territory, according to Equiti.com.

This surge in demand is largely driven by the rapid expansion of data centre infrastructure, which requires large amounts of copper for cooling systems and other applications.

The supply constraints are primarily due to production disruptions in Chile, the world's largest producer, caused by heavy snowfall, excessive rainfall, and strong winds.