Copper Price Just Hit $13,300โAre We Ready for the Next Leg Up? ๐
The sustained strength of copper above $13,000, marking a ~42% YoY surge, signals a powerful bull run extending into 2025-2026. ๐ก Supply deficits are becoming critical, with projections showing shortages between 150,000โ600,000 tons by 2026, driven by Chilean strikes, Grasberg issues, and a lack of new major mine projects. Demand from EVs (80kg per car), renewables, and AI data centers is rapidly outpacing extraction rates. Low LME inventories and tariff-driven US import hikes add further upward pressure. Macro impact: Rising copper could add 0.3% to CPI, complicating Fed rate cuts. $BTC near $93,700 remains a hedge, though sensitive to sharp yield spikes.
#CopperSurge #MacroCrypto #SupplyShock #InflationHedge ๐

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