Copper prices on the London Metal Exchange (LME) have breached the $14,000-a-ton threshold for the first time, reaching a record high of $14,144 per tonne for three-month deliveries.
The benchmark contract rose 0.52% in the session, cementing a breakout that marks a significant milestone for the industrial metal.
The surge follows a period of sustained upward pressure, with copper previously advancing to its highest level in two months before closing within striking distance of the $14,000 mark.
The surge follows a period of sustained upward pressure, with copper previously advancing to its highest level in two months before closing within striking distance of the $14,000 mark.
The latest move confirms that the rally is not merely a short-term spike but a structural shift driven by tightening physical supply conditions.
Market participants are increasingly focused on the imbalance between constrained mine output and resilient demand from key industrial sectors.
This development underscores the growing volatility in base metals markets, where supply-side constraints continue to outweigh macroeconomic headwinds.