Copper prices have reached a record high of $14,500 per tonne at the London Metal Exchange, a key global marketplace for commodities. This surge is driven by a mix of factors, including growing demand, lower production, and trade-related uncertainties. Copper is a vital material used in many industries, such as construction, telecommunications, rail networks, data centers, and defense. The demand for copper has been further boosted by the rise in electric vehicles, which require four times more copper than traditional vehicles. Production challenges have also played a role in the price increase. Chile, the world’s largest copper producer, has faced significant disruptions due to bad weather, which has caused landslides and safety issues in mining areas. This has led to a nearly 10% drop in copper production. Similar problems have been reported in Indonesia and the Republic of the Congo, further tightening the supply of copper. Additionally, concerns over potential tariffs on copper, often raised by former U.S. President Donald Trump, have led investors to buy and hold copper, increasing demand and prices. Over the past few months, copper prices have risen by 40%, impacting industries that rely on the metal. This has led to higher costs for construction and housing projects. The increased price has also resulted in a rise in copper thefts. Companies like Orange, SNCF, and EDF have reported stolen copper cables, which have caused delays in train services, internet outages, and disruptions in delivery schedules. The situation highlights the importance of copper in modern infrastructure and the challenges of maintaining a stable supply. As demand continues to grow, especially with the push toward renewable energy and electric vehicles, the balance between supply and demand will remain a critical factor in shaping copper prices and its impact on various sectors.