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      Copper Prices Surge to Record Highs Amid Supply Concerns and Tariff Fears

      Copper prices have reached unprecedented levels in both London and New York, with the London Metal Exchange (LME) reporting a price of $14,858.50 per ton. This surge is attributed to a combination of factors, including fears surrounding tariffs and a global supply crunch that is tightening availability in the market.

      The demand for copper is being significantly driven by sectors such as artificial intelligence data centers, renewable energy projects, electric vehicles, and the expansion of power grids. These industries are expected to sustain long-term demand for copper, further exacerbating supply constraints.

      Despite the positive outlook for copper demand, concerns about inflation and potential interest rate hikes by the U.S. Federal Reserve could introduce short-term volatility in the market. Traders are closely monitoring these economic indicators as they navigate the current landscape of rising copper prices.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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