Copper hits record $13,000 as US import rush fires up bulls

January 6, 2026

Copper prices have surged past $13,000 a ton. A renewed rush to ship metal to the US is fueling this rally. This is driven by uncertainty over future US import tariffs. Supply disruptions and underinvestment in new mines are also contributing factors. This situation is creating a squeeze on available metal globally. Investors are showing strong interest in copper.

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