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Copper Prices Surge Toward $12,000 on AI Demand and Supply Chaos

Citi and ING cite supply disruptions, U.S. hoarding, and surging demand from energy transition and AI projects driving copper prices toward $12,000-$15,000 per ton by mid-2026.

Summary by Oil Price
Copper prices are surging toward the $12,000 mark, fueled by a perfect storm of supply disruptions, frantic artificial intelligence (AI) demand, and what analysts are calling a "highly irregular" market distortion triggered by U.S. trade policy fears. With the metal currently trading near record highs, touching $11,952 per ton on the London Metal Exchange (LME) last Friday, major financial institutions are aggressively revising their forecasts u…

7 Articles

Copper prices have soared this year, driven by increased demand internationally, while supply disruptions continue. More...

·Greece
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Bias Distribution

  • 67% of the sources are Center
67% Center

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CNBC broke the news in United States on Monday, December 15, 2025.
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