It took about 24 months for the price of copper to reach the psychological mark of U.S. $10,000 per metric ton. Three-month copper futures on the London Metal Exchange (LME) touched the $10k mark last week. The last time copper crossed this threshold was in March 2022, when it reached $10,845 per ton in the wake of Russia’s invasion of Ukraine. Many copper experts currently predict a continued uptick in the base metal’s price in the upcoming months, but for the wrong reasons. Analysts attribute much of the copper price rise to soaring demand. Market demand for copper continues to increase, mainly due to the large ... (full story)