Copper prices rise by most in over a decade
Analysts expect demand for industrial metal to outstrip mined supply by 2030s
Analysts expect demand for industrial metal to outstrip mined supply by 2030s

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

Industrial metal has passed $12,000 a tonne as rally continues

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

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

Price of metal has more than doubled this year amid booming demand from investors and industrial users

Tin also reaches fresh peak as metals extend recent strong run