Copper Prices on the Rise

Copper futures experienced a significant uptick, climbing 1% on Wednesday. This movement comes as investors grow increasingly concerned over global supply constraints and the steadfast demand from the industrial sector.

Potential for Further Increases

Recent analyses indicate that copper prices could potentially soar to $12,000 per tonne. This anticipated rise is largely attributed to escalating global demand and uncertainties surrounding US President Donald Trump's economic policies.

Current Trading Status

As of 5:37 am ET, May copper futures were up by 1.18%, with prices reaching $5.0945 per tonne.