Copper just wrapped up its strongest performance in over 15 years, and momentum isn't slowing down. The red metal is climbing higher as supply tightens globally, creating a bullish backdrop for the commodity.

What's driving this surge? It's straightforward—physical supply remains constrained while demand from infrastructure projects, renewable energy transitions, and industrial recovery keeps building pressure. When you pair limited inventory with persistent buying interest, prices naturally push upward.

Traders are watching the supply outlook closely. If production can't catch up with consumption, expect copper to remain bid. This dynamic mirrors what we often see in crypto markets: when something's scarce and in demand, you get sustained price support.

For portfolio managers balancing across asset classes, copper's trajectory offers clues about broader economic momentum and industrial demand. Whether you're tracking commodity cycles or thinking about macro exposure, this copper story is worth monitoring through 2025.