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Why Copper Prices Hit High Of $14,737 Per Tonne?

Copper prices have surged to a record $14,737 per tonne on the London Metal Exchange (LME), marking 50% rise from last year. The Indian Primary Copper Producers Association (IPCPA) attributed the sharp increase to declining copper ore extraction, concerns over US tariffs and a significant rise in imports, highlighting pressure on global copper supplies.