Copper Soars to Record High Amid China Policy & US Stockpiling

• Copper climbed to a new all-time high of $11,771 a ton.
• The rally is driven by China's proactive economic policies and increased US stockpiling of the metal.
• China's "proactive" fiscal and "moderately loose" monetary stances are expected to support copper demand, particularly for power-grid and computing upgrades.
• Strong demand from electrification, data centers, and electric vehicles, coupled with tight global supply and mine outages, fuels the price surge.
• Analysts predict a 450,000-ton refined copper shortfall by 2026, requiring prices above $12,000/ton to attract investment in new mining capacity.

Why It Matters: Rising copper prices signal higher costs for green tech and global industries.