Copper Rallies Above $14,000 a Ton, Nearing Fresh All-Time High

Copper jumped above $14,000 a ton and is closing in on a record high as rebounding Chinese demand and rising supply risks outweigh concerns about the Iran war’s drag on global growth. The move is supportive for base metals and mining-linked assets, though the geopolitical backdrop still adds volatility.

Analysis

Copper jumped above $14,000 a ton and is closing in on a record high as rebounding Chinese demand and rising supply risks outweigh concerns about the Iran war’s drag on global growth. The move is supportive for base metals and mining-linked assets, though the geopolitical backdrop still adds volatility.