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flag Copper hit a record $13,000/tonne in late 2025 due to supply cuts, tariff fears, and strong green energy demand.

flag Copper prices hit record highs in late 2025, reaching nearly $13,000 per tonne on the LME, driven by supply disruptions at major mines in Indonesia and Chile, fears of U.S. tariffs on refined copper imports, and a rush to ship metal ahead of potential trade restrictions. flag The surge, fueled by strong demand from electric vehicles, data centers, and renewable energy projects, coincided with U.S. Federal Reserve rate cuts and a weakening dollar. flag Global inventories declined, particularly in London and Shanghai, while U.S. COMEX stocks rose, creating regional tightness. flag Prices climbed over 35% for the year, marking the strongest annual performance since 2009, though analysts warn of potential volatility as supply stabilizes and tariffs are reconsidered.

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