Copper hits record high as U.S. tariff and supply worries lift miners
Copper prices hit a record high Tuesday amid concerns over potential U.S. tariffs and supply problems, alongside strong demand for AI data-center infrastructure, lifting related mining stocks.
Mining stocks have climbed sharply, but the strongest gains are being driven by copper rather than gold. Copper prices hit a record high on Tuesday as investors worried about potential U.S. tariffs and supply disruptions, with demand also being supported by insatiable appetite for AI data-center infrastructure.