Copper prices hit record high as funds pile in and supply tightens

Copper on the London Metal Exchange reached a record ~US$11,200 per tonne, driven by a surge in investor long-positions and tight physical supply amid mine disruptions and China demand. Funds and hedgers stepped up exposure, while stockpiles fell and expectations of strong infrastructure and green-energy demand lifted the outlook. Analysts caution, however, that trade-policy uncertainty and global growth risks could curb further gains, making the rally vulnerable despite the bullish structural story.