Copper Prices Break Record: Exceeding 12,000 Dollars!

Historical Peak in Copper: Exceeds 12 Thousand Dollars

In recent days, after the prices of gold and silver, copper has also set a record, drawing attention. Due to the customs duties imposed by the USA and the global supply crisis, copper prices have reached a historic peak of $12,031.

Essential Metal of Industry: Copper

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

Situation in the Chinese Market

This rise, which has significant effects on global trade flows, continues despite a decline in basic usage areas in China, which accounts for nearly half of global 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 are planning to ship large quantities of copper to the USA to avoid potential customs duties. This situation is expected to contribute to the continued rise in prices.

Supply Problems and Production Forecasts

Significant disruptions are also occurring in copper supply. Interruptions in mines in America, Africa, and Asia indicate that the market is on the brink of a major deficit. This situation foresees an acceleration in price increases. Deutsche Bank states that the production of the world's largest mining companies will decline by 3% this year and that a decline in the sector may occur again in 2026.