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Copper Prices Soar Past $13,000 Amid Supply Concerns

1/6/2026

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Story summary
  • Copper prices surged to record highs, surpassing $13,000 per tonne for the first time, with the London Metal Exchange at $13,283.
  • The rally follows supply concerns and potential U.S. tariffs under U.S. President Donald Trump.
  • Analysts warn these dynamics could lead to shortages in other regions, driven by increased shipments to the United States, Mantoverde strikes in Chile, and accidents at major mining operations.