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 Why Do Most Nations Use Fiat Money Today? READ MORE Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE Gold Retreats Off Record Highs After Higher than Expected Inflation Data READ MORE CNBC's February Inflation Breakdown READ MORE Gold Holds Above $2,500: Safe-Haven Appeal Strengthens READ MORE Add a Comment Cancel replyYour email address will not be published.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