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Where Can Copper Go After Hitting New Highs?
While supply struggles, copper prices have surged to unprecedented levels. Futures on the London Metal Exchange jumped to more than $11,400 per tonne during Wednesday’s morning trading. This rally has pushed copper to new highs and up over 30% this year, marking its strongest annual performance since 2017. Is the copper story of 2025 and beyond simply about a commodity price rally? Is it rather about a fundamental shift in global industrial infrastructure, spurred by the concurrent trends of decarbonization and digitalization? Let’s take a closer look. Glencore, one of the world’s major mining companies, ... (full story)