Copper prices hit a record on Wednesday as disruptions at large mines and a string of disappointing forecasts from big producers deepened fears of a supply shortage.
The London benchmark price of the industrial metal, which is used in sectors from construction to electric vehicles, rose 1 per cent to $11,137 a tonne, surpassing a previous record of $11,104 set in May 2024.
A combination of Donald Trump’s tariffs on the metal, ageing mines and production disruptions at some of the world’s biggest mines has powered a rally in copper.
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