5 reasons why copper prices are rising? Copper prices smash records as supply constraints collide with AI-driven demand

Copper prices hit an all-time high of $14,125 per tonne this Thursday. This record-breaking rally stems from a perfect storm of tech demand and mining deficits. Speculators piled in after technical breakouts. AI data centres and electrification lifted long-term demand expectations. Mining supply remains tight due to disruptions and low ore grades. A weaker US dollar and tariff uncertainty added momentum, pushing copper to record highs. Investors are now treating the "red metal" as a strategic asset.