Copper’s unstoppable run! Prices at all-time highs. What’s driving the surge, and will it sustain in 2026?

Copper prices have hit record highs, driven by aggressive policy easing, supply disruptions, tariff-driven stockpiling, and strong structural demand from electrification and AI infrastructure. While tightness may persist into early 2026, analysts expect heightened volatility as mine recoveries, trade policies, and dollar movements shape the next phase of copper’s rally.