Copper prices have blown past the $13,000 per ton mark for the first time, extending a powerful rally as investors bet on an intensifying global supply squeeze. Three-month futures in London surged to a record high of $13,253 a ton on Tuesday, climbing as much as 2% and eclipsing the peak set just one day prior. The explosive move is being driven by concerns that the Trump administration could impose new tariffs on refined metal, prompting a massive flow of copper inventories into the United States and leaving other regions facing a potential shortage. The core of the rally centers on market inventory. A plan to ... (full story)