Copper Prices Soar 60% in a Year: Is Red Metal the New Gold?

• Copper prices have surged by 60% in the past year, reaching record levels, attracting investor attention.
• Demand for copper is at its peak due to its crucial role in modern technology, including Electric Vehicles (EVs), AI data centers, and cloud computing.
• Supply has drastically fallen due to storms in mines, workers' strikes, and depletion of global stock points.
• Experts predict a significant copper deficit by 2026, with demand far exceeding supply, driven by electrification and favorable economic factors.
• Retail investors in India have limited direct investment options; MCX futures trading is high-risk and not suitable for newcomers.

Why It Matters: Copper prices are skyrocketing due to high demand and low supply, but direct investment for retail investors is risky.