Copper prices surge to record $6.5 per pound amid tight supply and AI-fueled demand

Copper futures have surged to record levels between $6.53 and $6.69 per pound, driven by a convergence of supply disruptions and intense demand. Key factors include a global shortage of sulfuric acid—essential for copper processing—and constrained output in major mining regions. Concurrently, demand is being pushed to new heights by the massive energy requirements of AI data centers, the modernization of aging power grids, and the expansion of renewable energy technologies. Additionally, potential US tariffs on imported copper have created price premiums in US markets, further complicating global supply dynamics despite the potential for short-term profit-taking in mining stocks.

(Source：Crypto Briefing)