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Copper's Meteoric Rise Tipped to "Reshape Wealth" in Next Decade
11 Nov
Summary
- Copper prices hit record high of $11,200/metric tonne in recent days
- Copper seen as backbone of global economy, powering tech megatrends
- India's Indus Valley Civilization linked to ancient "Copper Age"
As of November 11th, 2025, copper prices have been on a meteoric rise, with the metal's prices climbing 3.1% sequentially at the London Metal Exchange in the three-month period ending September. This upward trend has only intensified in recent days, with copper prices on the LME surging to a lifetime high of $11,200 per metric tonne last Wednesday before cooling off.
Experts believe copper is quietly becoming the backbone of the global economy, with every electric vehicle, solar panel, 5G tower, charging station, and data center relying on the metal. Sujay U, a senior analyst at Bengaluru-based AB InBev, argues that copper has the power to "reshape wealth in the next 5-10 years" due to its critical role in powering these megatrends.
Vedanta Chairman Anil Agarwal has also weighed in on copper's growing value, noting that the metal has always been linked with human progress and ancient India. Agarwal points out that the Indus Valley Civilization, one of the world's first great civilizations, emerged during the "Copper Age" around 6,000 years ago. He believes India is now "rising to become a global leader" in this "New Copper Age", leveraging its human resources, natural resources, and tech capabilities.
