Copper just smashed past a record on LME: Here's what you need to know

The reddish brown metal is mostly unrivaled as an electrical and thermal conductor

Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year.

The previous copper record was set in 2011, around the peak of the commodities supercycle sparked by China’s rise to economic heavyweight status — fueled by massive amounts of raw materials. This time, investors are betting that copper’s vital role in the world’s shift to green energy will mean surging demand and even higher prices. Copper futures rose as high as $10,440 a ton in London on Friday. 

What’s the big deal about copper?
 

Through human history, copper has played a critical