Copper hits a new record high after surpassing $13,000

Copper recorded a new record high after exceeding the barrier of $13,000 per ton for the first time.

The agency reported "Bloomberg" For news, three-month futures contracts jumped by as much as (3.1%) to reach a record level of $13,387 per ton in London today, exceeding The peak recorded yesterday.

Fears that the administration of US President Donald Trump might impose customs duties on The red metal, used in the manufacture of wires and cables, has gained more than 20% since late last November, while aluminum has risen to its highest level in more than three years.

Last December, copper metal recorded unprecedented levels exceeding $12,000 per ton, amid fears of a more scarce global market in 2026.

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