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Since the beginning of the year, copper prices have risen by approximately 16%, driven by strong demand from the artificial intelligence sectors, updates to electrical grids, and defense budgets. Today, copper is considered a strategic metal for national security and technological infrastructure, with major companies continuing to build data centers and defense allocations maintaining high demand, despite the risks of a 15% American tariff imposed in early 2027. The market also faces supply shortages and significant stockpiles within the United States, amid expectations that the upward trend will continue to support mining and meet the growing demand.
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