Copper Prices Rise Past $14,000 as AI Demand, Peru Supply Shock, and Global Deficit Concerns Tighten Market
Copper prices hit new multi-year highs in 2026. This rise is due to supply disruptions, increased industrial demand, and structural shortages in global mining markets.
On the London Metal Exchange (LME), copper rose to $14,153 per metric ton on May 13, 2026. This marks its first time over $14,000 since January. It’s now approaching its all-time high, which is above $14,500 per ton.
In the United States, COMEX copper futures also hit a record near $6.64 per pound on May 13, 2026, marking one of the strongest rallies in recent years.
Copper Price
Unit: USD/lb
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