Structural demand from AI data centers, power grid upgrades, and renewable energy is estimated to drive 60% of copper's growth in 2026.
Anticipation of high U.S. tariffs (rumored up to 50%) has led to massive strategic stockpiling, tightening available inventories on major exchanges. 3. The Case for Selling (Bears) copper buy or sell today
Copper prices have shown resilience after hitting record highs earlier this year (briefly surpassing $14,500/t in January). While they have retreated from those peaks, they remain in a . Current Status (April 28, 2026) Spot Price (Approx.) $6.00–$6.09/lb ($13,200–$13,400/t) Trend Consolidating/Modest Pullback from Q1 highs Sentiment Bullish long-term; Neutral/Volatile short-term 2. The Case for Buying (Bulls) Structural demand from AI data centers, power grid