Copper Hits All-Time High

AI Summary

Copper futures reached an all-time high near $6.8 per pound due to ongoing supply concerns and strong demand. Sprott Asset Management highlighted that global mined copper production could decline in 2026 for the first time since 2017, caused by supply disruptions and declining ore grades.

Copper futures climbed toward $6.8 per pound on Wednesday, reaching fresh all-time highs as persistent supply concerns and strong demand continued to drive prices higher. Metals trader Sprott Asset Management said global mined copper production could decline this year for the first time since 2017 due to supply disruptions, declining ore grades and weak output ...