Copper
The Copper Paradox: Record Prices Defy a 23-Year High in Global Inventories as AI Demand Reshapes the Market
The global copper market is currently grappling with a phenomenon that defies traditional economic logic. As of March 31, 2026, copper prices are trading at elevated levels near $12,220 per metric ton, even as global inventories have surged to a 23-year high of over 1.1 million metric tons.