Copper is in high demand due to its conductive properties and wide applications. The metal's price has reached new heights, with copper futures settling at a high of $6.89 per pound. This surge is attributed to various factors, including a tightening global supply and uncertainty over trade policies.

The impact of copper's price increase could be felt across industries, as it is a crucial component in electronics, housing, and autos. Despite a recent pullback, analysts believe the fundamentals driving the price upward remain in place.

Further information on the factors contributing to copper's record highs and their potential effects on businesses is available.