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HomeMarket NewsCommodities NewsThis metal just set a new record, boosted by AI data center demand. Citi says it’s time to 'chase the move higher'
Year to date, copper prices have risen 14.9%, while they've added 7.8% alone since the start of the Iran war. Copper traded on the London Metal Exchange added 0.56% to $14,021 per metric ton on Tuesday, also closing at another record.
As demand from artificial intelligence data centres drives copper to new records, Citi believes that there's still more room for the metal to run.
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