Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Copper price on track for biggest rise in 15 years amid global shortage fears

A man walking past rolls of copper rods at a processing plant in Verkhnyaya Pyshma, Russia
A man walking past rolls of copper rods at a processing plant in Verkhnyaya Pyshma, Russia. The metal has soared by more than 35% in value this year. Photograph: Maxim Shemetov/Reuters

Copper, the metal that underpins the fast-growing renewable energy industry, is on course for its biggest annual price rise in more than 15 years as traders react to fears of global shortages.

As one of the main beneficiaries of the “electrification of everything”, copper has soared by more than 35% in value this year, spurred by US tariff uncertainty and concerns about mining disasters that could restrict supply.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.