Following gold, silver, copper breaking ATH?! Continuing from the two predecessors, one is breaking the highest all-time record, the other is also breaking the highest record for real purchasing power in many years, and copper is also riding a strong upward wave this year!
The LME copper price is indeed at a record high range around 11,500–11,700 USD/ton, with an intraday peak recorded at about 11,700 USD and a YTD increase of approximately 30% thanks to the story of supply shortages and low inventories in Europe/Asia.
🤔Citi and some large organizations have raised targets, talking about the possibility of an average copper price of 13,000 USD/ton in 2026 as the market enters a "structural deficit" phase due to the strong increase in demand for green energy, AI, and electrification.
Currently, global copper inventories on exchanges are around 656,000 tons, the highest since 2018, of which about 60% is located in COMEX warehouses in the US, projected to have a high deficit next year! Watching Gold rise pulled Domio respectively to Bach and now Copper, is something imminent in Crypto about to happen!?! $BTC $ETH $SOL #sui #ADA #PEPE #LUNA


