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Copper prices hit record highs, boosting mining stocks like Atalaya and Antofagasta.

Market News
13 May 2026
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Copper prices surged nearly 2% to new all-time highs, driving significant gains in mining stocks such as Atalaya Mining and Antofagasta. The rally is fueled by strong demand from China and supply constraints, including disruptions in sulfuric acid supply due to geopolitical tensions. This surge highlights copper's growing importance beyond traditional uses, especially in AI, electric vehicles, and renewable energy sectors. Analysts see continued strong demand and supply challenges, suggesting copper and related mining stocks could sustain growth.

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