Copper prices continued to rise last week, and concerns about global supply shortages drove prices to record highs. The price of copper on the London Metal Exchange rose 0.1% to $11,672.50 per tonne, hitting a high of $11,771 per tonne earlier in the session. “Supply shortages continue to trigger panic buying,” ANZ analysts said. Many large mines have been unexpectedly interrupted one after another this year, putting pressure on the market. Meanwhile, due to concerns that the Trump administration may impose tariffs on refined metal imports next year, the US is further hoarding inventory, increasing the risk of shortages in other regions.

Copper prices continued to rise last week, and concerns about global supply shortages drove prices to record highs. The price of copper on the London Metal Exchange rose 0.1% to $11,672.50 per tonne, hitting a high of $11,771 per tonne earlier in the session. “Supply shortages continue to trigger panic buying,” ANZ analysts said. Many large mines have been unexpectedly interrupted one after another this year, putting pressure on the market. Meanwhile, due to concerns that the Trump administration may impose tariffs on refined metal imports next year, the US is further hoarding inventory, increasing the risk of shortages in other regions.