The Copper Conundrum: What's Driving the Record Price? Copper has hit a record high, but this latest surge is not solely due to a booming economy.
A complex mix of factors is at play, including supply constraints that are driving up prices. One key driver behind copper's rally is its limited supply.
Mining copper is an expensive and time consuming business, with new mines taking around 10 years to set up. This has led to a shortage of available copper on the market.