China’s Demand for Metals Drives Copper Prices Above $14,500 a Ton
(Bloomberg) — Copper prices experienced their largest increase in over 16 years, driven by a surge of buying from Chinese investors, resulting in one of the most significant market movements in history. Prices climbed as much as 11%, exceeding $14,500 per tonne for the very first time, before sharply declining on Thursday afternoon. The commodity, […]
Man Reportedly Attempts to Steal Copper Wire, Suffers Electrocution and Passes Away
Man Electrocuted in Attempted Copper Wire Theft A man died on Wednesday after being electrocuted while allegedly trying to steal copper wire from a vacant senior housing complex in Philadelphia. The man, whose identity remains unknown, reportedly broke into the Bris Sholom residence located in West Philadelphia’s Winefield Heights. Kelvin Jeremiah, the president and CEO […]
Thieves Reportedly Took Copper Wire From Streetlights, Leaving Whole Blocks Without Light
Copper Wire Theft Darkens Los Angeles’ Miracle Mile On Monday, thieves reportedly stole copper wire from a streetlight in Los Angeles, causing entire blocks along the Miracle Mile to lose power. According to CBS News, the suspects pulled wires from a utility box, leading to a blackout that affected at least two blocks. Local resident […]
Thieves steal copper wire, leaving LA’s Miracle Mile in the dark
Thieves targeted an iconic section of Wilshire Boulevard in the Miracle Mile area, a vibrant district in downtown Los Angeles, by cutting off the streetlights, according to local reports. Residents reported that robbers stripped electrical wires from the streetlight poles, leaving part of the block completely dark on Monday night. Several streetlights were out along […]
Amazon obtains copper supply from an Arizona mine for data center growth.
Amazon’s Expansion into Copper for AI Infrastructure In a segment of “The Craman Countdown,” Pacer ETF President Sean O’Hara discusses the rising importance of copper and other essential metals for powering AI technologies, data centers, and advanced electronics. Amazon is broadening its efforts to establish large-scale artificial intelligence data centers in Arizona. This move coincides […]
The theft of copper wire is costing Los Angeles more than a million dollars.
Recently, thieves have been stripping expensive copper wire from streetlights in a Los Angeles neighborhood, leaving many residents in the dark and costing taxpayers millions, according to city officials. The latest troubles have hit Mar Vista, where several blocks are now without streetlights, forcing locals to navigate the area with flashlights. “You find yourself walking […]
Thief dies from electrocution while trying to steal copper in California
A man, who was allegedly homeless, was fatally electrocuted while attempting to steal copper wire at a construction site in California. This incident also resulted in a power outage affecting 2,500 homes. According to police, the unidentified man died on Sunday at a deserted shopping mall undergoing demolition. Eyewitnesses reported hearing a loud explosion around […]
Copper price reaches a new high of $13,000 in London.
Copper prices reached $13,000 per tonne in London for the first time on Monday, continuing last year’s significant rally triggered by mining shutdowns and trade issues. The benchmark futures on the London Metal Exchange climbed by 4.3% to almost $13,020 per tonne before settling around the $12,500 mark. Last year ended on a strong note […]
Copper set for strongest year since 2009 as demand from AI and supply concerns drive record price surge
Copper Prices Forecasted for Significant Increase On August 12, 2025, a copper anode was taken out of the furnace at the Glencore Canadian Copper Refinery in Montreal, Quebec. Currently, copper is set for its most substantial annual price increase in over ten years. This surge is attributed to several factors, including supply disruptions, a weaker […]
Copper prices increase by the largest amount in more than ten years
Copper prices are poised for their largest annual rise in over ten years, driven by factors such as U.S. tariffs, supply challenges, and fears of global shortages. In December, prices for the red metal exceeded $12,000 per tonne, marking a surge of over a third in 2025. This increase is the largest since 2009, a […]