TradRadar

Copper pushed to fresh highs on a combination of supply disruptions at key mines and accelerating demand from AI data centers, EVs, and power‑grid upgrades. Low exchange inventories amplified the move, drawing flows into LME/COMEX contracts and thematic ETFs. Macro‑sensitive desks are watching China’s industrial prints and the U.S. dollar as near‑term drivers. While the structural case is strong, faster project ramp‑ups or substitution could curb upside and lift volatility.