ME message, December 12 (UTC+8), boosted by the Federal Reserve's interest rate cut this week and expectations of further easing policies next year, copper prices surged to a record high. Copper prices have increased by nearly 35% this year. Analysts at ANZ Bank pointed out: "The dual effect of interest rate cuts and accelerated economic growth will boost copper demand." This round of price increases is also driven by ongoing concerns about tight supply—high copper inventories in the U.S. and multiple mine shutdowns this year have intensified market worries. Analysts at Saxo Bank noted, "The continuous rise in copper prices indicates that the current trend in the copper market is mainly driven by supply constraints as well as demand related to energy transition and artificial intelligence infrastructure." (Source: ME)