Copper recorded a significant increase in 2025, reaching a value of over 12,000 dollars per ton, as a result of tariffs imposed by the USA, supply issues, and increasing demand.

In 2025, copper is on track to record the highest annual growth in the last decade, reaching a record of over $12,000 per ton on the London Metal Exchange (LME). This increase is driven by a combination of American tariffs, supply issues, and concerns about a global deficit. U.S. importers have accelerated purchases to avoid potential tariffs, creating a significant gap between U.S. prices and global prices. Additionally, incidents at copper mines have raised concerns about production capacity, prompting producers to adjust their production targets. Copper is essential in the energy transition, being used in electrical grids, electric vehicles, and data centers. Analysts predict that demand will exceed supply by the 2030s, maintaining pressure on prices. However, risks persist, including new tariffs and underinvestment in mining. The impact of these factors will be felt by both companies and consumers.