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This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey everyone, welcome back to the Daily Copper Price Tracker. I'm Vanessa Clark, and today is Tuesday, December second, twenty twenty-five. We've got some really interesting moves happening in the copper market, so stick around as we break down what's going on with prices and what it means for you.
Let's jump right into today's numbers. Copper is currently trading around five dollars and twenty-one cents per pound in the futures market. On the London Metal Exchange, we're looking at roughly eleven thousand two hundred and thirty-two dollars and fifty cents per metric ton. Now, this might seem like a lot of numbers, but here's what matters: copper has absolutely surged this year. We're talking about gains of nearly thirty percent from where we started back in January. That's significant movement in just eleven months.
So what's driving all this excitement in the copper market? Supply constraints are really the big story here. We've seen disruptions at major mining operations. There was a fatal incident at Freeport-McMoRan's Grasberg mine in Indonesia, which handles over three percent of global copper supply. On top of that, Chile and Peru are dealing with production slowdowns. These supply issues are pushing prices higher because there's simply less copper available right now.
But there's more to the story. Long-term demand fundamentals look really strong. We're seeing huge growth in electric vehicles, renewable energy infrastructure, and AI data centers. All of these require massive amounts of copper for wiring and electrical systems. Analysts are projecting a significant supply deficit over the next decade, which should continue supporting prices.
Now, the market has been a bit volatile lately. We actually hit a record high above five dollars and ninety-five cents per pound back in July, so we've pulled back somewhat from that peak. Some of this recent volatility is tied to currency movements and what the Federal Reserve might do with interest rates. A weaker dollar actually helps copper prices because it makes the metal cheaper for international buyers.
Here's what makes copper interesting right now. The global copper market is expected to grow from about two hundred and forty-eight billion dollars this year to nearly four hundred and eighty-one billion dollars by twenty thirty-five. That's real structural growth, not just speculation. The energy transition alone means we're going to need substantially more copper going forward.
That said, investors should pay attention to some headwinds. Chinese demand has been moderating due to some economic uncertainties in the property sector. And that stronger dollar I mentioned? That can put pressure on prices. Supply disruptions could ease over time, which might create some volatility.
For anyone watching copper closely, whether you're an investor or you work in manufacturing, the big picture is this: we've got tight supply meeting robust long-term demand. That's typically a recipe for higher prices over the long haul, though expect continued bumps along the way.
Thanks so much for tuning in to the Daily Copper Price Tracker with me, Vanessa Clark. If you found today's breakdown helpful, please subscribe and join me again tomorrow as we continue tracking all the latest developments in the copper market. Stay informed, stay ahead of the trends, and I'll see you next time.
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