Copper Prices Reach Record High: Supply Shortage and Growing Demand in the Global Market

The price of copper, a strategic commodity on the world market, has risen for the sixth consecutive day, setting a new record. Demonstrating its longest upward trend in the last four months, this price dynamic has once again focused attention on this sector within the global economy and the base metals market.

On the London Metal Exchange (LME), the price of one ton of copper currently stands at 14,661 US dollars. According to expert analysis, the primary driver behind the current price surge is serious concern over supply shortages. In particular, shrinking inventories and active pre-holiday purchases have clearly exposed a lack of supply in China's physical market.

It is worth noting that this wave of price increases is not limited to copper alone; prices for all other base metals are also seeing growth. Although overall global copper reserves remain relatively high, sharp price fluctuations are being recorded across international markets, increasing the vulnerability of traders and manufacturers.

Experts also attribute the rise in copper prices to its indispensable role in modern technologies. Copper is widely used in the construction of data centers, as well as in the production of batteries for electric vehicles, which are considered eco-friendly modes of transport. As the transition to green energy accelerates, strategic demand for this metal is expected to grow even further.