Copper races toward $13,000 record as tariff flows fuel longest rally since 2017
Copper jumped as much as 2.2% to $12,493 a ton Tuesday, heading for a 10th straight day of gains and up 41% in 2025. LME copper hit a record $12,960 a ton Monday before paring gains. U.S. Comex and Shanghai futures also reached records as traders moved stock to the U.S. ahead of tariff decisions. Tight supply and tariff-driven buying fueled the rally.