Copper hits historic price amid fears of a global supply crisis
rose Copper prices reach a record high in London Metal Stock Exchange during trading, today, amid growing fears that the global market is heading towards a severe supply crisis.
The metal rose by (0.9%) to reach ($11,294.5) per ton in London, while futures contracts jumped on the London Stock Exchange. "Comics" The American Metals Corporation increased by 1.6%, with suppliers rushing to transport copper to the United States of America before imposing possible import duties, which may exacerbate the shortage in other regions, at a time when producers are struggling to meet the increasing demand, according to what was reported by the agency. "Bloomberg" Mining companies on ore supply contracts, while annual bonuses rose.
Electricity and electronics production
Copper is strongly supported by investors; Due to its vital role in the production of electricity, electronic devices and the green transformation, it has risen by about 30% since the beginning of the year on the London Stock Exchange, which is the global index of metal prices.
And prompted the rise in the Stock Exchange "Comics" Today, copper prices in the United States reached the highest level since July 30, that is, before the price collapse following US President Donald Trump’s announcement to postpone the decision to impose duties on metals until 2026.
Merchants are again rushing to supply the metal to the United States of America, where prices remain higher compared to London, amid expectations that Trump may impose import duties next year.
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