Copper prices break through $12,200 to reach a new high! Will it rise to $15,000 by 2026?
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Copper prices hit a historic high, influenced by expectations of Trump tariffs and mine shutdowns. New York copper prices rose over 3%, while London copper prices reached USD 12,276 per ton. Analysts believe that global supply tightness and expectations of U.S. tariffs are driving copper prices up. JP Morgan predicts copper prices will reach USD 12,500 per ton by 2026, UBS Group AG expects a range of USD 11,500–13,000 per ton, and Citigroup forecasts prices will reach USD 13,000 per ton in the second quarter of 2026, potentially hitting USD 15,000 per ton in a bull market scenario
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