According to a research report issued by CITIC Construction Investment, copper prices have witnessed a notable surge, primarily attributable to supply disruptions, escalating demand, and shifting trade dynamics. The outlook for copper prices in the aftermath remains shrouded in uncertainty. From a supply perspective, mine accidents, labor strikes, and delays in the approval processes for new mining projects have collectively contributed to a supply shortage. On the demand front, the global shift towards renewable energy sources and the ongoing construction of AI infrastructure have significantly bolstered copper consumption. In the realm of international trade, anticipation of impending tariff hikes by the United States has further intensified supply constraints in other parts of the world. The prevailing uncertainty revolves around the potential adjustments in U.S. tariff policies and fluctuations in inventory movements. Moreover, the immediate implementation of substituting copper with aluminum on a large scale is fraught with challenges, while the ramifications of an increased supply of recycled copper warrant careful observation.