Copper prices have climbed to record or multi-month highs, raising a big question for global markets: will these prices keep rising, or is a fall coming next? Copper prices have surged, crossing $14,000 per tonne. In India, Copper prices continued their upward trend on January 30, 2026, hitting record highs and trading at around Rs 1,381 per kg, according to reports. A weak US dollar has supported copper prices, as commodities become cheaper for buyers using other currencies. If these supplies come to market, oil prices could ease, especially if Middle East tensions calm down.