Copper rallies toward $14,000/ton as supply concerns mount amid Middle East tensions
Copper prices sustained near record highs around $14,000 per metric ton on May 12 as geopolitical risk in the Middle East kept demand fears in check and supply uncertainties elevated. The rally reflects broad commodity strength amid inflation concerns and energy-intensive AI capex buildouts driving industrial demand.
Data center operators and semiconductor manufacturers should monitor copper futures and aluminum contracts; material input costs are becoming material margin headwinds for infrastructure buildout plans.