Since 2020—even before the additional tariffs imposed by the Trump Administration this morning—the price of copper has surged by 75%. The element has since become a vital component in the world’s transition from fossil fuels to renewable energy sources. Its primary value lies in its exceptional conductivity, which makes it indispensable for wiring in a wide range of electrical systems. Electricity generated by wind, solar, and other alternative energy sources relies on copper to reach homes and businesses around the globe. This rising demand is the core driver behind copper’s increasing strategic importance—making it a key focus in Washington’s agenda under the current administration.