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Copper hits all-time high, Brent nears century mark
MUMBAI: Copper and crude oil, two important industrial raw materials for several industries, are on a tear. According to notes from Vedanta and ICICI Securities, a combination of factors like tightening mine supply, especially from Chile, shifting global trade flows amid potential US tariffs on refined copper, and accelerating demand from electrification, renewable energy, power infrastructure and AI are behind the recent rally in copper prices.
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economictimes.indiatimes.com
Copper prices scale fresh record high as focus turns to tight supplies outside US
Copper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME copper touched $14,533 a metric ton,…
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oilprice.com
Copper's Longest Rally Since 1994 Collides With a Shrinking Supply Chain | OilPrice.com
Copper nears record highs on its longest weekly rally since 1994, as mine setbacks, Congo's export ban and a stalled US tariff decision squeeze supply.
