Copper ETF Rises as Prices Surpass $13,000 with $14,000 Outlook

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Copper futures surged above $13,000 per ton for the first time as investors cite supply constraints. S&P Global predicts AI-driven demand will boost copper consumption 50% by 2040, warning of a 10 million metric ton annual shortfall, while Citi targets prices near $14,000 per ton.

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