📊 Copper Update: Big Rally, Now Volatile — What’s Happening? $NAORIS
Copper recently hit record highs near $13,000 per ton in early 2026 before pulling back. Prices are still historically strong, but short-term volatility has increased. $GUN
🔎 What’s driving it?
⚡ Strong long-term demand from EVs, power grids, AI data centers & renewable energy
📦 Rising exchange inventories (LME stocks increased recently)
💵 Stronger US dollar & macro uncertainty
🏭 Mixed supply outlook (some mine disruptions, but refining output stable)
💡 Big Picture:
Copper remains structurally bullish due to global electrification trends, but short-term price swings are likely as inventory levels and macro factors shift.
📌 Current Level: Around $12,700–$12,900 per ton (mid-Feb 2026)
📰 Sources: Reuters, federal reserve economic data, London metal exchange