Copper Prices Break Record: Surpassed 12,000 Dollars!

Copper Hits Historic Peak: Surpasses 12,000 Dollars

In recent days, after the prices of gold and silver, copper has also broken records, attracting 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 dollars.

The Essential Metal of Industry: Copper

Copper is considered the lifeblood of the industry. Overall, it has achieved its biggest annual increase since 2009, breaking all-time records. This year's increase 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 its primary usage areas 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 slowing economy in China has had a limited impact on the rise.

Future Expectations

Traders plan to send large amounts of copper to the USA to avoid potential customs duties. This situation is expected to contribute to further price increases.

Supply Issues and Production Forecasts

Serious disruptions are also experienced in copper supply. Interruptions in mines in America, Africa, and Asia indicate that the market is on the verge of a significant shortage. This situation foreshadows an acceleration in price increases. Deutsche Bank indicates that production among the largest mining companies globally is expected to decrease by 3% this year, and a decline in the sector may occur again by 2026.