The Surge that Dethroned Gold: Copper Prices Reach Historic Record High! - Sözcü Newspaper
4 Articles
4 Articles
Copper, which hit an all-time high of $14,533 per ton on the London Metal Exchange, has gained 47 percent in the last year, doubling the return of safe-haven gold. The record surge is attributed to the rise in artificial intelligence and the potential US tariff measures.
Copper Price At Record High: This year, copper has given a tough competition to gold and silver, and its prices have now reached lifetime highs. Not only this metal, but the shares of companies associated with it have also caused a stir.
Economy - Copper prices in global markets hit a record high of $14,533 per ton, driven by demand for AI data centers and renewable energy. Copper, which gained 47% in value over the past year, has more than doubled the rise of gold.
Demand from AI data centers, renewable energy, and grids has driven copper prices to record highs on the London Metal Exchange. The risk of the US imposing tariffs on the product also contributed to the rise, with copper experiencing a 12-month premium of 47%, more than double the 21% increase seen in gold over the same period.
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