copper pricetóngjià铜价to break through / to surpasstūpò突破per tonneměi dūn每吨$14,00014000 měiyuán14000美元，to set (a record)chuàng xià创下historicallìshǐ历史new high / all-time recordxīn gāo新高。
May 13, 2026 at 9:00 AM
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BusinessCopper Price Breaks Through $14,000 Per Tonne to Set New Record
Copper broke through $14,000 per tonne on the London Metal Exchange, hitting a new record. Tightening supply and surging demand from AI infrastructure are jointly driving the price rise.
Copper prices briefly touched $14,000 per tonne on the London Metal Exchange this week, marking the first time in recorded history to break through this threshold. Meanwhile, copper in the US futures market also set a historical record of $6.58 per pound.
This round of copper price increases is driven by multiple factors. On the supply side, major copper mines in Indonesia and Chile encountered accidents one after another. Global copper output is facing its first annual contraction since the pandemic.
On the demand side, the artificial intelligence data center construction boom and renewable energy expansion continue to drive copper consumption. Additionally, Middle East tensions have disrupted sulfuric acid exports, forcing some smelters to cut production capacity.
Analysts warn that if supply chain tensions in the Strait of Hormuz continue, copper prices may find it difficult to fall back in the short term.
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