Copper prices hit a fresh record high on Monday, with the prospect of shortages outside the US driving buying interest, while a weaker dollar added to the bullish momentum. Benchmark copper on the London Metal Exchange climbed to an all-time high of $14,533 a metric ton, edging past its previous record of $14,527.50 set in January.
The red metal has been on a record-breaking run over the past year, driven largely by tariff-related trade flows. Bullish investors are now betting that stagnant mine supply could provide further fuel for the rally.
