Copper Prices Hit Record Highs Amid Supply Disruptions
· Business · LiveMint, Crude Oil Prices Today | OilPrice
Copper prices have reached record highs in 2026, with London Metal Exchange rates touching $14,737 per tonne in September. This surge is driven by a combination of tightening mine supplies, particularly in Africa, and strong global demand for clean-energy technology and AI infrastructure. Speculation regarding potential US import tariffs has also influenced market activity, leading to record inventory levels of 696,259 tonnes in Comex warehouses. While the US administration is weighing the economic impact of these potential tariffs ahead of the November midterm elections, no final decision has been announced. The metal's price has also been supported by a recent decline in the value of the US dollar.
Why it matters
Rising copper prices directly increase manufacturing costs for global energy and technology sectors, impacting the affordability of clean-energy transitions.
Read the original report — LiveMint
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