Copper heads for record close as LME gauge hits high

1 articles · Updated · Bloomberg · May 11

On the London Metal Exchange, five of the six main metals contracts rose after the bourse’s all-in price gauge ended Friday at a record.
Other metals also advanced as traders looked past the apparent US-Iran deadlock and joined a broader rally in risk assets.
Copper, zinc and peers have stayed resilient despite the Middle East war, helped by signs that demand is outstripping supply.

Will US tariffs and stockpiling secure domestic copper, or will these policies simply ignite a global price war for the critical metal?

With copper prices near historic highs, is this the start of a new commodity supercycle or a speculative bubble ready to burst?

As AI's copper consumption soars, can the global mining industry possibly keep pace, or is a major supply crisis now inevitable?