LME copper prices hit a historic high, affected by Trump's tariff expectations and supply-demand mismatch

The LME benchmark three-month copper futures on the London Metal Exchange rose by 0.8% to $14533 per ton, breaking the record set in January. The rise in copper prices is influenced by Trump's tariff expectations and the long-term mismatch between global mining supply and demand, with a cumulative increase of 17% in copper prices over the past year.