Copper has reached a new all-time high, trading at $6.65 per pound as of May 13, 2026, with technical indicators suggesting further gains. The metal's breakout aligns with a fractal pattern observed in silver, which previously experienced a similar trajectory, surging from $40 to $121 per ounce. The rally in copper is driven by robust demand from AI data centers, electric vehicles, and renewable energy projects, coupled with tight global supply. The structural supply-demand imbalance, exacerbated by production issues in major copper-producing countries, supports the potential for continued price increases.