Capstone Copper shares jump on record copper prices
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- Capstone Copper shares rose 3.6% following a record-breaking rally in global copper prices.
- Copper reached an all-time high of US$14,635 per tonne due to tight mine supply and rising demand.
- Traders are shifting refined copper to the United States to secure higher prices ahead of potential tariffs.
Capstone Copper (ASX:CSC) recorded a 3.6% share price increase after copper prices hit record highs for two consecutive sessions.
The price surge follows a four-day rally on the London Metal Exchange that pushed copper to an all-time peak of US$14,635 per tonne.
The physical market remains constrained as traders redirect metal to the United States ahead of potential trade tariffs.
Long-term demand from data centres, power grids, and renewable energy systems continues to outpace restricted global mine production.
Following the announcement, the Capstone Copper share price was up at $15.97.
The mining company operates copper production facilities across North and South America.
