US Top News and Analysis | This metal just set a new record, boosted by AI data center demand. Citi says it’s time to 'chase the move higher' AI generated summary, Read the full article for complete information. Copper has hit fresh all‑time highs as demand from artificial‑intelligence data centers surges, with July‑dated futures finishing up 1.09% at $6,531 per metric ton and the London Metal Exchange price reaching a record $14,021 per metric ton. Citi strategist Charlie Massy‑Collier says the rally reflects both the energy‑transition and AI‑driven demand that has driven virtually all copper growth since 2022, as well as strategic inventory stockpiling that could further lift prices. He views the recent breakout above $13,500 as confirmation that a strengthening macro backdrop can sustain higher prices and projects copper could climb to around $15,000 per metric ton, about 7% above the latest close. To capitalize on the move, Massy‑Collier is purchasing a digital LME copper call option with a $15,250 strike expiring on Aug 5. Read more: https://www.cnbc.com/2026/05/12/this-metal-just-set-a-new-record-boosted-by-ai-data-center-demand.html #citi #LondonMetalExchange #AI #CharlieMassy_Collier