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المشهد العربي
Global copper prices climb amid supply deficits
Copper prices surged to unprecedented levels for the second consecutive session, reaching a historic high of $14,617 per ton on the London Metal Exchange. This increase is driven by a global supply shortage and expectations of new U.S. tariffs on imports. The metal has risen approximately 17% so far this year, as inventories have deteriorated due to large quantities being sold into the American market to capitalize on soaring prices, resulting in a decline in available stocks on the exchange. The rises are related to increasing demand from data centers and renewable energy projects, amidst a long-standing gap between supply and demand.
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