Copper Surges to New Highs: Key Market Facts and Future Demand Drivers Copper prices reached record highs on Monday due to a rally driven by short covering and speculative bets. Copper, primarily used in power, construction, and increasingly in green energy applications like electric vehicles and AI data centers, saw global consumption rise from 10 million metric tons in the late 1980s to 26.5 million tons in 2023. Asia, particularly China, is the largest consumer, with China alone using 14.7 million tons as of 2022. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Dollar Strengthens Against Yen Despite Japan's Intervention Threats READ MORE Powell Says Recent Inflation Numbers Haven’t ‘Really Changed the Overall Story’ READ MORE Chinese Consumers Cool on Gold — Central Bank Demand Remains Strong READ MORE Gold Retreats from Recent Highs with Upcoming U.S. Inflation Reports in Focus READ MORE Gold Continues to Defy Expectations Despite Market Downturns READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment