Why is copper price today elevated?

Demand from EVs, AI data centers, and grid upgrades is strong, while mine disruptions and a 50% U.S. tariff on copper products have tightened supply. Manufacturers are also stockpiling, keeping inventories low. Together, these factors support prices and make dips brief as buyers step in quickly to refill orders.

What is the copper forecast 2026?

Consensus points to a band near $5.40 to $6.10 per pound into 2026, reflecting tight balances and steady demand. Dips may stay shallow unless large new supply arrives or demand cools. Track inventories, treatment charges, and macro data to adjust hedge levels and procurement plans accordingly.

How big is EV copper demand?

EVs use two to four times more copper than ICE cars, and chargers add further needs. This load extends across cables, motors, inverters, and battery systems. As adoption rises and charging networks expand, the effect compounds, keeping refined demand firm and supporting prices across spot and forward markets.

How does AI data center demand affect copper?

AI data centers require high-capacity power cables, transformers, and cooling infrastructure, all of which use significant copper. Rapid buildouts raise near-term orders and strain inventories. This adds a new, steady demand pillar that, along with EVs and grid upgrades, keeps the market tight and favors elevated pricing.

Global Market Insights

Copper Price Today, December 26: EVs, AI and Tariffs Tighten Supply

ByHuzaifa Zahoor December 26, 2025December 26, 2025

Copper price today is holding firm near $5.51 per pound as EV rollouts, AI data centers, and grid upgrades collide with mine disruptions and a 50% U.S. tariff on copper products. Stockpiling by manufacturers is keeping inventories tight. For India buyers, pricing in INR on MCX mirrors this global squeeze, while USDINR swings add another layer. We explain what is driving the move, where consensus sees prices through 2026, and how Indian investors and procurement teams can plan entries and hedges.