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Copper prices are skyrocketing:
Copper prices in London rallied +4% to $13,000 per ton today, marking a new record high.
Prices already surged +42% in 2025, posting their best annual performance since 2009.
This comes as concerns around US import tariffs have led traders to aggressively ramp up metal shipments to the US.
US exchange-tracked inventories are now at multi-year highs.
The global copper market is estimated to face a shortage of over 100,000 tons in 2026.
Copper prices are on fire.