Copper nears price range of nickel on AI, EV demand

Changing supply and demand dynamics herald 'previously unimaginable' convergence Though copper is a relatively abundant base metal, prices have been rising because of growing demand from new industries. © Reuters TOKYO — International copper prices are hovering near record highs while prices have been soft for nickel, a critical and rare metal, raising the possibility of a "previously unimaginable" convergence as the spread of artificial intelligence and other industry changes drive copper demand.

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