Editor’s Note
Copper’s surge to near-record highs reflects its critical role in the global transition to electrification and green energy. As demand from infrastructure and electric vehicles grows, its price trajectory offers a key gauge of industrial and economic momentum.
On February 9, 2026, copper prices once again captured the market’s attention. Over the past few months, copper has been on a continuous upward climb. In several international markets, it is trading near record levels. Copper is typically considered an industrial metal. Its demand is directly linked to infrastructure, electrification, renewable energy, and electric vehicles.
On the other hand, precious metals like gold and silver are traditionally considered safe-haven assets. When market uncertainty increases, investors turn to them. In this context, the inevitable question arises: Does the copper rally mean pressure will build on gold and silver? If so, how should investors build a metals portfolio?
The biggest reason behind the recent surge in copper is the imbalance between supply and demand. In many parts of the world…