Copper prices are experiencing their largest annual gain in over a decade, surpassing $12,000 per ton and rising over a third in 2025. This surge, the most significant since 2009, is driven by exceptionally strong demand, particularly for electrification in clean energy and technology, coupled with limited supply. Existing mines are producing less, new mines are slow to develop, and global copper stocks are at historically low levels, making the metal a strategic investment linked to economic shifts and infrastructure projects.