Copper up 9% since Iran war, near January peak. Will AI boom, shortage propel red metal to new highs?
- Posted on May 14, 2026
- By Business News Today
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- 1 min read
Copper up 9% since Iran war, near January peak. Will AI boom, shortage propel red metal to new highs?
Copper prices are surging, driven by a confluence of factors including geopolitical tensions, structural supply shortages, and booming AI-driven demand. The metal is increasingly viewed as a strategic commodity for the AI era, with markets anticipating a prolonged supply crunch due to underinvestment and long lead times for new mining projects.
