Copper price hits record high on concerns over tariffs and shortages
Industrial metal has passed $12,000 a tonne as rally continues
Industrial metal has passed $12,000 a tonne as rally continues

Production hold-ups at large mines and fears about Trump tariffs have helped to fuel sharp rally since October

Analysts expect demand for industrial metal to outstrip mined supply by 2030s

Market hit by disruption to production and Donald Trump’s tariffs

Tin also reaches fresh peak as metals extend recent strong run

Data centres and green grids are heavy users of the red metal, but mine supply is stagnating and new discoveries are rare

Washington follows through with plans to impose 50% levies on some products