Fuelled by expectations that the demand for copper—a key metal in electrification—will exceed supply, the metal is set to record its largest annual gain since 2009. Copper, often referred to as the “red metal,” has seen a remarkable rally on the London Metal Exchange this year, surging by over 40% and hitting a series of all-time highs in a late-year climb. This performance solidifies its position as the top performer among the six industrial metals traded on the exchange. On the LME, the three-month copper contract declined on the last trading day of 2025. At the time of writing, the copper contract was at $12,410 ... (full story)