Copper's Record Surge: Supply Woes & Green Energy Fuel Historic Rally

• Copper began 2026 strong after a 42% surge in 2025, its best year since 2009, hitting international all-time highs on the London Metal Exchange.
• Key drivers include severe supply-side issues from mine disruptions in Indonesia, Chile, and Democratic Republic of the Congo, tightening global availability.
• Fears of US import tariffs led to increased shipments to the US, further reducing copper supply in other markets and boosting prices.
• The energy transition (EVs, renewables, power grids) is a major long-term demand driver, making copper crucial for future infrastructure.
• Current prices are around $12,522.50 per tonne, with experts predicting continued strength in 2026 due to persistent supply and demand factors, despite potential short-term volatility.

Why It Matters: Copper's historic rally is driven by supply shortages and robust demand from the global energy transition, signaling long-term strength.