Copper’s resilience near record highs reflects a market being repriced around strategic electrification, AI-powered infrastructure and defense-driven demand, rather than the old cyclical “Dr. Copper” framework tied mainly to the health of the global economy. Copper has remained firmly in a strong uptrend, hovering near record levels after hitting all-time highs in early 2026. This price action has differed from a typical cyclical rally that fades as growth narratives wobble, and instead reflects tightening fundamentals and a shift in how the market views copper’s demand profile. Investors are increasingly recognizing ... (full story)