Copper's record rally fuelled by US tariff fears, supply crunch, Experts see further upside
New Delhi, Sept. 8 -- Copper prices have surged to a fresh record high, with experts attributing the rally to a combination of US tariff concerns, tightening availability, supply disruptions and rising demand from areas such as artificial intelligence (AI), electrification and power infrastructure.
Benchmark three-month copper on the London Metal Exchange (LME) climbed to an all-time high of USD 14,533 per tonne, surpassing its previous record of USD 14,527.50 set in January.
Kishore Narne, Director and Head of Commodity at Motilal Oswal Financial Services, said copper was caught between persistent global supply disruptions and strong structural demand.
"Copper is caught in a tug-of-war between persistent global supply disruptions and ...
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