https://www.instagram.com/vanessaclarkipai
This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Copper Price Tracker with me, Vanessa Clark. Today we're diving into the sizzling world of copper, where prices are hitting record highs and shaking up everything from electric vehicles to AI data centers. Grab your coffee, and let's chat about the latest.
First up, the big number everyone's searching for: the current trading price. Comex Copper for December delivery settled at 5.7665 dollars per pound, which translates to over 12,000 dollars per metric ton on global exchanges like the LME and Shanghai Futures Exchange. That's a whopping 6 percent jump this week alone, and up 44 percent year to date. Barchart shows the December 25 contract hovering around 5.78 dollars per pound after a strong close, while RCF Minerals notes it at 5.74 dollars per pound on December 26, up 2.3 percent daily. Shanghai hit a record near 100,000 yuan per ton. Incredible momentum.
What's fueling this surge? Supply headaches from mine disruptions in Chile, Indonesia, and the DRC are tightening global ore availability, with S&P Global and IEA warning of a 30 percent shortfall by 2035. Demand is exploding thanks to the energy transition and AI boom, BloombergNEF says electrification could triple needs by 2045, and AI data centers alone gulped nearly 500,000 tons this year. J.P. Morgan predicts a 330,000 ton deficit in 2026, pushing prices past 12,000 dollars per ton. Even with China real estate cooling, new sectors are keeping consumption positive.
Geopolitics add spice, US tariffs and stockpiling are squeezing supplies, per BMO Capital Markets. Chinese smelters cut output 10 percent amid negative refining charges.
Actionable takeaway for you: If you're investing, eye copper miners like BHP or Glencore with low costs and strong projects. They're poised for gains as scarcity hits. Diversify into ETFs tracking copper exposure for easier entry, but watch for pullbacks if substitution to aluminum ramps up, as Goldman Sachs cautions.
Thanks for tuning in, pals. Hit subscribe, share with a friend eyeing commodities, and catch you next time on Daily Copper Price Tracker. Stay savvy out there.
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
