Copper prices are on track for their strongest annual performance since 2009, fueled by surging demand from artificial intelligence infrastructure, supply disruptions, and a weaker U.S. dollar, according to market data from the London Metal Exchange.
Three-month copper contracts are up about 41% this year, recently trading above $12,400 per metric ton after hitting a record high.
Prices in New York have posted similar gains, reflecting tight global supplies and rising industrial demand.
JUST IN 🚨: Copper soars to a new all-time high 📈📈 pic.twitter.com/uU89dKsNID
— Barchart (@Barchart) December 29, 2025
Analysts say the expansion of data centers, electric vehicles, power grids, and renewable energy projects is driving sustained demand for the metal.
JPMorgan expects prices to remain elevated into 2026, citing AI-related demand and inventory shortages.
More cautious forecasts from Goldman Sachs see prices easing from current highs but staying historically strong.
The rally underscores copper’s role as a key barometer of economic growth under President Donald Trump.
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TIPP Staff
