Copper has rallied 15.8% year-to-date and is up more than 30% over the past 12 months, while gold futures and spot gold are lower over the same periods.
Ivanhoe Electric CEO Taylor Melvin said countries, regions and industries are focused on securing access to metals for national security, economic growth and technology infrastructure.
U.S. tariff uncertainty, exceptionally low Chinese copper inventories and rising premiums there are supporting copper prices, according to the article and Aberdeen Investments' Iain Pyle.