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This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Copper Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on copper prices, whats driving the market, and some smart tips to help you stay ahead.
Right now, copper is trading around 5.83 dollars per pound, or about 12,850 dollars per tonne, after pulling back from that wild record high of over 14,000 dollars back in late January. Economies.com notes it bounced above 5.51 dollars support and hit 5.815 dollars recently, with a bullish forecast if it breaks 5.97 dollars. But Chronicle Journal reports its cooled off as inventories climb at key exchanges like LME, COMEX, and SHFE, now over a million tons for the first time since 2003.
The big story is supply crunches meeting huge demand from AI data centers, electric vehicles, and green energy grids. Institutional Investor highlights a triple threat pushing prices up after a 41 percent rally last year, though JP Morgan sees a 330,000 ton shortfall this year. TradingKey says prices surged past 14,500 dollars early 2026 on seven straight months of gains, fueled by Fed policy easing, a weaker dollar, and AI plus renewables. Yet short-term, high stockpiles and US tariff confusion from Trump raising levies to 15 percent are adding volatility, per Trading Economics and Goldman Sachs, who warn of a mid-year correction to around 11,000 dollars.
Heres your takeaway: If youre trading or investing, watch Chinese demand post-holidays and US tariff news closely. Consider hedging or buying dips for the long haul, as Citi and Goldman see big upside from supply shortages.
Thanks for joining me today, friends. Hit subscribe, tune in tomorrow for more copper updates, and lets track this together. Talk soon!
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