U.S. copper futures climbed to about $6.90 a pound Thursday, a record high, before retreating to end the session, according to a CNBC report. The move extends a rally that has pushed copper prices to repeated records. In January, UBS described copper as “the commodity everyone wants to own,” with three-month London Metal Exchange futures reaching $13,387.50 a ton [1]. Analysts cited constrained supply and infrastructure-related demand rather than a broad acceleration in global economic growth, the report stated. Copper is used in construction, electronics, transportation and AI applications, according to the report. The record price came as traders weighed…
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