Copper Prices Firm Near Six Dollars on AI Infrastructure Demand

Tech Sector Demand

The 'electrification of everything' narrative is keeping a high floor under copper prices. Tech giants are securing long-term supply contracts directly with miners, bypassing traditional exchanges and reducing visible inventory levels.

Supply Constraints

Persistent operational challenges in South American mines are preventing a supply response. With global stocks at multi-year lows, the market remains vulnerable to any further disruptions, keeping the $6.00 target in sight.