Copper Prices Soar, Break 8-Year Record Amid Supply Fears & Tariff Worries

• Copper prices are surging, breaking an 8-year record, primarily driven by fears of supply shortages.
• Supply disruptions in major producing regions due to accidents and operational issues have tightened the market.
• Apprehension over potential US tariffs led to copper accumulation in American ports, exacerbating global supply tightness.
• December saw a nearly 3% price surge, marking the longest winning streak since 2017; year-to-date futures are up over 40%.
• A weaker dollar and copper's critical role in industries like EVs and infrastructure further fuel the rally.

Why It Matters: Copper's record rally is fueled by supply fears and tariff concerns, indicating sustained high prices.