[Copper Price Hits US$10,000 per Ton, What's the Reason?] According to the report of Wenhua Finance on May 10, the international copper price has exceeded the US$10,000 per ton mark due to the tightening global supply and the expected increase in consumption by electric vehicles and power grids, offsetting the signs of suppressed demand caused by high copper prices. So far this year, copper prices have risen by 17% due to concerns about supply shortages, and aging mines will be difficult to meet demand. Analysts including Daniel Hynes from ANZ Group said that supply growth is stalling. They said... (Wenhua Finance)