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Copper may hit new high as AI demand collides with deadly storms, strategists say

business

Copper could be headed for a record high, strategists say, as deadly storms in Chile disrupt mining operations. That supply strain is colliding with rising demand tied to AI infrastructure buildout, according to CNBC US Top News. Chile is the world's largest copper producer, so disruptions there tend to ripple through global supply chains.

Source: https://www.cnbc.com/2026/07/31/copper-prices-chile-storm...

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