Copper prices have seen a notable increase of 9% since geopolitical tensions escalated around Iran and the Strait of Hormuz, with prices now at $14,153 per metric tonne, nearing the January peak of $14,527. This surge is attributed to a unique combination of factors including supply shortages, increased demand from the artificial intelligence sector, and geopolitical disruptions. The demand for copper is expected to grow significantly with the expansion of AI infrastructure, electric vehicles, and renewable energy projects. However, the supply side is struggling due to operational disruptions in major copper-producing countries like Chile, Peru, and Indonesia, compounded by a shortage of sulfuric acid critical for copper extraction. Analysts predict a potential structural supply deficit by 2035 if current trends continue, urging investors to be cautious amid expected market volatility. Immediate resistance for copper prices is seen around $14,500, with support levels shifting higher towards $13,200–13,500.