This metal just set a new record, boosted by AI data center demand. Citi says it’s time to 'chase the move higher'

As demand from artificial intelligence data centers drives copper to new records, Citi believes that there's still more room for the metal to run. Copper's July-dated futures notched a back-to-back record close on Tuesday, settling up 1.09% to 6.531. Then, after it settled, the contract touched an intraday high. Year to date, copper prices have risen 14.9%, while they've added 7.8% alone since the start of the Iran war. …