Copper Climbs Above $13,000
The start of this year saw the price of copper surge significantly, reaching an all-time high of $14,527.50 per metric ton on the London Metal Exchange. While the price has eased slightly since then, it still remains at about $13,000. This reflects a combination of constrained global supply, accelerating demand, and mounting geopolitical uncertainties. Copper now underpins both the electrification push and the digital economy. Electric vehicles, renewable energy systems, AI data centers, and grid infrastructure depend heavily on the red metal. As a result, many market participants are beginning to describe the current setup not as a temporary upswing, but as the early phase of a long-term structural deficit. Projections from the International…