Copper prices have surpassed all-time highs, and on the morning of the 26th, copper-themed stocks are showing a collective upward trend in the stock market.
As of 9:25 a.m. on the 26th, LEE KU Industrial, considered a copper-themed stock, is trading at 5,610 won, up 820 won (17.12%) from the previous day.
Copper-related stocks, including Daewon Cable, Seowon, Poongsan, and LS, are all on the rise.
The rise in copper prices this year is interpreted as attracting buying interest in copper-related stocks.
According to Bloomberg News, on the 25th (local time), copper soared to $5.2145 per pound on the New York Mercantile Exchange (COMEX), setting a new all-time high. This marks the highest price in 10 months since May 20 of last year, when it was $5.1999.
Investor concerns over U.S. President Donald Trump's possibility of imposing tariffs on copper imports have led raw material traders to stockpile copper, causing prices to skyrocket. Additionally, the analysis indicates that a lack of investment in copper and a decline in refining capacity has resulted in supply lagging behind demand, further driving up prices.