🚨 Market Update: Copper Breaks Records 🌍⚡
Copper has surged past $12,000 per tonne for the first time in history, marking a major milestone for the global metals market. The rally is being driven by tight supply conditions, limited new mine capacity, and robust demand from electric vehicles, renewable energy projects, and large-scale infrastructure spending worldwide.
Adding momentum, investors are increasing allocations across the metals complex, with heightened interest in gold ($XAU
XAUUSDT
Prep
4,478
+0.41%
) 🥇, silver 🪙, and copper as hedges against inflation and long-term energy transition themes. The historic breakout underscores copper’s critical role in global electrification and the evolving green economy.