Copper prices are surging in 2026, pushing COMEX above $6.50 per pound and copper futures past $14,000 per ton. The move is increasingly tied to AI data center construction, not just standard manufacturing demand. China’s factory recovery, sulfuric acid shortages in the Middle East, and tighter mine supply are intensifying a global copper crunch.
Copper has surged to fresh record levels globally, including a rise on India’s MCX, as supply disruptions collide with growing demand from electrification and AI-linked industries. Analysts point to tightening supply chains and geopolitical tensions as major catalysts. Even after a pullback, they argue technical strength plus supportive fundamentals may keep the bullish trend intact, making recent declines tempting for investors.
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