Copper Prices Break Record: Exceeding 12,000 Dollars!

Copper Reaches Historic Peak: Surpasses 12,000 Dollars

In recent days, after the prices of gold and silver, copper has also broken records, drawing attention. Due to the customs tariffs imposed by the U.S. and the global supply crisis, copper prices have risen to 12,031 dollars, marking a historic high.

The Backbone of Industry: Copper

Copper is considered the lifeblood of industry. Overall, it has achieved its largest annual increase since 2009, breaking all-time records. This year's growth rate has reached 37%.

The Situation in the Chinese Market

This rise, which has significant impacts on global trade flows, continues despite a decline in basic applications in China, which accounts for nearly half of the world's copper consumption. Investors generally view copper as an indicator of global industrial activity. However, the slowdown in the Chinese economy has had a limited impact on the increase.

Future Expectations

Traders plan to send large quantities of copper to the U.S. to avoid potential tariffs. This situation is expected to contribute to the continued rise in prices.

Supply Issues and Production Forecasts

There are serious disruptions in copper supply. Interruptions in mines in America, Africa, and Asia indicate that the market is on the brink of a significant deficit. This situation predicts an acceleration in price increases. Deutsche Bank notes that production from the largest mining companies worldwide is expected to decline by 3% this year, and that a decline in the sector may occur again by 2026.