<div id="readability-page-1"><div><div><p>Copper has been climbing from its March lows and is now up 13% year to date, with London prices breaking above $14,000 per ton on Tuesday.</p><p>This move appears to be driven by several factors: recovering Chinese demand, tightening inventories, sulfur shortages in the Middle East that threaten parts of the supply chain, and renewed interest in the AI infrastructure trade, where copper is increasingly seen as essential for electrification, grid expansion, and data center buildouts.</p></div></div></div>

江西銅業

<p>銅價自 3 月份的低點以來持續上漲，目前年初至今上漲了 13%，倫敦市場的價格在週二突破了每噸 14,000 美元。這一走勢似乎受到多個因素的推動：中國需求的復甦、庫存的緊縮、中東地區的硫磺短缺威脅到供應鏈的部分環節，以及對人工智能基礎設施交易的重新關注，銅在電氣化、電網擴展和數據中心建設中被越來越視為必不可少的材料</p>

What's Fueling Copper Above $14,000? JPM Breaks It Down

ZeroHedge

Hudbay Minerals

ERO Copper

泰克資源

自由港邁克墨倫銅金礦

南方銅業

Sprott Copper Miners ETF

華夏中證細分有色金屬產業主題ETF

有色金屬

廣發中證稀有金屬ETF

南方中證申萬有色金屬ETF

有色50

國泰中證有色金屬ETF

銅礦 ETF - GlobalX

iShares Copper and Metals Mining ETF

德銀基礎金屬 ETF - PowerShares

金屬採礦 ETF - SPDR

美國銅指數基金 - Concierge Technologies

國泰中證有色金屬礦業主題ETF

有色龍頭ETF

Sprott Junior Copper Miners ETF

全球金屬和採礦生產商 MSCI ETF - iShares

摩根大通

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

是什麼因素推動銅價突破 14,000 美元？摩根大通對此進行了詳細解析