Why Copper’s Record Rally May Be Running Out of Steam
The Wall Street Journal·2026-02-06 17:00

Copper prices recently hit all-time highs. Here's why it's taking a breather. There's a couple of reasons why copper has rallied lately alongside precious metals like silver and gold.One is general excitement over all things AI and the energy transition where copper is needed. Secondly, the broader rally on gold and silver have also drummed up interest in other metals like copper. There's also been some stockpiling going on in case the US imposes tariffs on the metal.There's a lot of reasons to be bullish a ...