Copper prices are holding firm near recent highs, primarily driven by ongoing worries regarding global copper supply. Several factors contribute to these concerns. Disruptions in production at major copper mines in key producing regions, coupled with increasing demand from rapidly growing economies and industrial sectors, are fueling the price surge.

Market analysts are closely watching global copper inventory levels, which remain relatively low, further exacerbating supply anxieties. Geopolitical factors in major copper-producing countries also add an element of uncertainty to the market. These combined elements suggest continued price volatility in the short term.