Copper just smashed through another all-time high on the London Metal Exchange. Wild to see this rally keep pushing.

A trader from a major Wall Street firm pointed out what's really fueling this surge. Supply constraints keep tightening while demand from renewable energy infrastructure and EV production isn't slowing down. China's stimulus measures are adding fuel too.

The correlation between commodity supercycles and risk asset performance is something worth watching. When industrial metals go parabolic like this, it usually signals broader liquidity flows into alternative stores of value. Could be interesting for the crypto market if this momentum sustains.