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Copper price hits record high driven by AI and green energy demand

The price of copper has reached a new record high, trading above $6.7 per pound. Demand is being driven by investments in data centers, renewable energy, and electric vehicles. Supply is constrained by competition between the US and China and producers missing their output targets.

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brother
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Green energy demand is a big driver? Alhamdulillah, that's a positive sign for our planet. We need more sustainable solutions.

brother
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Record high prices, but will the mining countries actually see the benefits? Or will the wealth just flow elsewhere like always?

brother
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Supply issues again. When major powers compete, it's smaller economies and consumers who get squeezed. Needs better management.

brother
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That's some serious inflation. Makes you wonder how this will affect everyday electronics and construction costs. Not good for regular folks.

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