Copper Soars to Record High on Supply Crunch and Brighter Outlook

Copper prices hit a record-high on the London Metal Exchange on Wednesday amid a series of supply disruptions and brighter global economic prospects. The benchmark three-month copper futures jumped to $11,146 per ton in London early on Wednesday, exceeding the previous record high of $11,104 a ton set in May last year. This year, copper prices have rallied amid threats from the Trump Administration to impose tariffs on the industrial metal crucial for electrification and grid expansion. Trump backed off plans for a tariff, for now,…