Former Loyalists Lose Faith in Suu Kyi after Myanmar’s Oppression of Rohingya Muslims

Myanmar leader Aung San Suu Kyi. (Getty Images)
Myanmar leader Aung San Suu Kyi. (Getty Images)
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Former Loyalists Lose Faith in Suu Kyi after Myanmar’s Oppression of Rohingya Muslims

Myanmar leader Aung San Suu Kyi. (Getty Images)
Myanmar leader Aung San Suu Kyi. (Getty Images)

As Aung San Suu Kyi launched a national struggle against decades of harsh military rule, one medical student worked tirelessly at her side, facing down gun-wielding soldiers trying to crush the surging pro-democracy movement. For her activism and loyalty, Ma Thida suffered six years of mostly solitary imprisonment and nearly died of illnesses.

Now a medical doctor, novelist and recipient of international human rights awards, Ma Thida has few kind words for the former mentor she once called "my sister who always remained in my heart," said an Associated Press report on Tuesday.

The criticism by Ma Thida and other formerly ardent supporters is manifold: they accuse Suu Kyi of ignoring state violence against ethnic minorities and Muslims, continuing to jail journalists and activists, cowing to Myanmar's still-powerful generals, and failing to nurture democratic leaders who could step in when she, now 72, exits the scene. Instead, they say her government is creating a power vacuum that could be filled again by the military.

Some conclude that Suu Kyi, who espoused democracy with such passion, always possessed an authoritarian streak which only emerged once she gained power.

"We can't expect her to change the whole country in one-and-a-half years, but we expect a strong human rights-based approach," Ma Thida says of the Nobel Peace Prize winner once hailed as "Myanmar's Joan of Arc" and spoken of in the same breath as South Africa's Nelson Mandela and Mahatma Gandhi of India.

International criticism has focused on Suu Kyi's lack of action or condemnation of violence targeting the country's approximately 1 million Rohingya Muslims, who have been brutalized since 2012 by security forces and zealots among the Buddhist majority in western Myanmar.

More than 1,000 Rohingya have been killed, while some 320,000 are living in squalid camps in Myanmar and neighboring Bangladesh, according to estimates by the US-based Human Rights Watch and the United Nations. Thousands more embarked on perilous sea voyages to other Southeast Asian countries.

After a new wave of violence and humanitarian crisis erupted last week, with ethnic Rohingya militants attacking police posts and leaving 12 security personnel and 77 Rohingya Muslims dead, her office said military and border police had launched "clearance operations." She herself condemned the militants for what she called "a calculated attempt to undermine the efforts of those seeking to build peace and harmony in Rakhine state."

As usual, she did not address the insurgents' counter-allegations — that the attacks were aimed at protecting Rohingya villagers from "intensified atrocities" perpetrated by "brutal soldiers," noted the AP.

"The violence against the Rohingya is not an isolated event," says Stella Naw, an analyst from the ethnic Kachin minority focusing on national reconciliation. "We know the game the army is playing. But as a politician elected by the people, she is accountable for her inaction and failure to condemn the army."

Suu Kyi's government has banned a UN investigation team from entering the afflicted region, and earlier this month rejected the world body's assertion that the regime's actions "very likely" amounted to crimes against humanity and ethnic cleansing. The February report alleged security forces had perpetrated mass killings, hurled children into fires and gang raped Muslim women. The government has mostly blamed the latest round of blood-letting on extremist militants. Suu Kyi's official Facebook page last year flashed a message reading "Fake Rape."

"We don't have a second choice. People still support her party and government. People must lower their expectations because the problems are so deeply rooted," says Thant Thaw Kaung, executive director of the Myanmar Book Aid and Preservation Foundation, an initiative to improve the country's woeful education system.

For years, Suu Kyi had courageously defied the military, suffering 15 years of house arrest and separation from her British husband and two sons to helm her National League for Democracy to a landslide victory in 2015 elections. Often referred to as "The Lady," she retains popularity among the general public as the liberator from half a century of military oppression.

"When she was in the opposition she was so articulate, so vocal, but suddenly now we are faced with silence. Now that Myanmar is back on the democratic path, everyone expects that there should be more openness, but this has not happened," says Khin Zaw Win, a political prisoner for 11 years who now heads the Tampadipa Institute, a civil society think tank.

Since assuming office in April 2016, Suu Kyi has earned a reputation for being aloof and controlling of information.

Explanations for why she's changed, or faltered in upholding previously avowed goals, are starkly disparate: she is variously cast as a tragic heroine fighting impossible odds, and a closet authoritarian with a soft spot for the military, reported the AP.

Suu Kyi herself has often said she inherited an affinity for the armed forces from her father General Aung San, a military hero who fought for independence from Britain.

Reflecting this puzzlement, a satirical Internet site called Burma Tha Din Network joked that the Suu Kyi in office now was a clone created by Russian geneticists hired by Myanmar's generals to remove her democratic genes, and that the real Suu Kyi was being held by the military and wondering, "How the hell can people believe I'd do that?"

Perhaps the most widespread view is that she simply can't push her democratic agenda or human rights demands, lest the military oust her from power. Although her post as government leader places her above the president, the military retains its grip on three key ministries controlling law enforcement, local administration and embattled frontier areas as well as a mandated 25 percent of seats in Parliament.

"She may shake hands with the military across a table, but under it they are kicking her," says That Thaw Kaung.

Some disagree, and say her popular mandate gives her the force to challenge the generals who are unlikely to upset an arrangement that still allows them to wield power with seeming impunity while also being able to blame problems on Suu Kyi's civilian government.

"The litany, the excuse that is repeated, 'Oh, the military is still in politics, still dominates the Constitution ... so we are hamstrung.' I don't buy that argument," says Khin Zaw Win. "She is not a prisoner of the military." What is lacking, he says, is moral courage in addressing human rights and the ability to tackle other problems outside the power grid of the military, such as the economy.

Meanwhile, the military is preparing itself for the 2020 elections.

Mark Farmaner of the human rights group Burma Campaign UK says that while Suu Kyi may be constrained by the political situation, there are many areas where she has the freedom to act and has not done so.

"There are problems which will take years to resolve, but freeing political prisoners, repealing repressive laws and ending aid restrictions to displaced Rohingya can be done now," he says. The Assistance Association for Political Prisoners reported that 225 persons were still in prison or awaiting trial last month for political activities.

Suu Kyi has often stressed that her highest priority is ending decades of warfare between the central government and a welter of ethnic minorities. Last week, her government welcomed a report from a commission led by former UN Secretary General Kofi Annan recommending rapid economic development and social justice to counter the deadly violence between Buddhists and Rohingya Muslims in Rakhine state.

But Suu Kyi has also publicly ignored the army's continuing attacks and atrocities against ethnic groups in the Kachin and Shan states, further eroding their trust in her government.

"Her concept of national reconciliation seems to focus mostly on the relationship between the military and her party, with the ethnic minorities being an inconvenient side-issue," says Ashley South, an expert on Myanmar's ethnic minorities. Farmaner contends Suu Kyi views Myanmar principally as a country of the ethnic Burman Buddhist majority, rather than a multi-ethnic, multi-religious nation.

Some critics say Suu Kyi is trapped not by the generals, but by her own history and that of Myanmar, which has endured centuries of kings, British colonials and military dictators. By contrast, the country has experienced a mere 15 years of democracy.

Suu Kyi has expelled dissident party members, neglected to groom successors, spoken rarely to the press and apparently made command decisions rather than seeking help from capable advisers.

Khin Zaw Win notes that General Ne Win, who ruled with an iron fist for 26 years, initially enjoyed some connection with the populace but grew increasingly remote and autocratic, surrounding himself with "yes men."

"She seems to be following almost exactly in his footsteps," he says. "I call it the 'courtier mentality' and that is exactly what is happening now." Having reached the pinnacle of power, he says, Suu Kyi believes she can go it alone.

"It is such a tragedy," says Naw, the Kachin analyst. "She has lost so much, her family, her years under arrest, and to have come to a stage where she has disconnected herself from people who went to prison for her, who would have given their lives for her — it breaks their hearts to see what she has become."



What Lies Ahead for Ukraine’s Contested Zaporizhzhia Nuclear Power Plant?

A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
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What Lies Ahead for Ukraine’s Contested Zaporizhzhia Nuclear Power Plant?

A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)
A Russian service member stands guard at a checkpoint near the Zaporizhzhia Nuclear Power Plant before the arrival of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. (Reuters)

The Zaporizhzhia nuclear power plant, Europe's largest, is one of the main sticking points in US President Donald Trump's peace plan to end the nearly four-year war between Russia and Ukraine. The issue is one of 20 points laid out by Ukrainian President Volodymyr Zelenskiy in a framework peace proposal.

Here are some of the issues regarding the facility:

WHAT ROLE MAY THE US PLAY?

Russia took control of the plant in March 2022 and announced plans to connect it to its power grid. Almost all countries consider that it belongs to Ukraine but Russia says it is owned by Russia and a unit of Russia's state-owned Rosatom nuclear corporation runs the plant.

Zelenskiy stated at the end of December that the US side had proposed joint trilateral operation of the nuclear power plant with an American chief manager.

Zelenskiy said the Ukrainian proposal envisages Ukrainian-American use of the plant, with the US itself determining how to use 50% of the energy produced.

Russia has considered joint Russian-US use of the plant, according to the Kommersant newspaper.

WHAT IS ITS CURRENT STATUS?

The plant is located in Enerhodar on the banks ‌of the Dnipro River and ‌the Kakhovka Reservoir, 550 km (342 miles) southeast of the capital Kyiv.

The Zaporizhzhia nuclear power plant has ‌six ⁠Soviet-designed reactors. They were ‌all built in the 1980s, although the sixth only came online in the mid-1990s after the collapse of the Soviet Union. It has a total capacity of 5.7 gigawatts, according to an International Atomic Energy Agency (IAEA) database.

Four of the six reactors no longer use Russian nuclear fuel, having switched to fuel produced by then-US nuclear equipment supplier Westinghouse.

After Russia took control of the station, it shut down five of its six reactors and the last reactor ceased to produce electricity in September 2022. Rosatom said in 2025 that it was ready to return the US fuel to the United States.

According to the Russian management of the plant, all six reactors are in "cold shutdown."

Both Russia and Ukraine have accused each other of striking the nuclear plant and of severing power lines to the plant.

The plant's equipment is powered by ⁠electricity supplied from Ukraine. Over the past four years these supplies have been interrupted at least eleven times due to breaks in power lines, forcing the plant to switch to emergency diesel generators.

Emergency generators ‌on site can supply electricity to keep the reactors cool if external power lines are cut.

IAEA ‍Director General Rafael Grossi says that fighting a war around a nuclear ‍plant has put nuclear safety and security in constant jeopardy.

WHY DOES RUSSIA WANT ZAPORIZHZHIA PLANT?

Russia has been preparing to restart the station but ‍says that doing so will depend on the situation in the area. Rosatom chief Alexei Likhachev has not ruled out the supply of electricity produced there to parts of Ukraine.

Oleksandr Kharchenko, director of the Energy Research Center in Kyiv, said Moscow intended to use the plant to cover a significant energy deficit in Russia's south.

"That's why they are fighting so hard for this station," he said.

In December 2025, Russia's Federal Service for Environmental, Technological and Nuclear Supervision issued a license for the operation of reactor No. 1, a key step towards restarting the reactor.

Ukraine's energy ministry called the move illegal and irresponsible, risking a nuclear accident.

WHY DOES UKRAINE NEED THE PLANT?

Russia has been pummeling Ukraine's energy infrastructure for months and some areas have had blackouts during winter.

In recent ⁠months, Russia has sharply increased both the scale and intensity of its attacks on Ukraine's energy sector, plunging entire regions into darkness.

Analysts say Ukraine's generation capacity deficit is about 4 gigawatts, or the equivalent of four Zaporizhzhia reactors.

Kharchenko says it would take Ukraine five to seven years to build the generating capacity to compensate for the loss of the Zaporizhzhia plant.

Kharchenko said that if Kyiv regained control of the plant, it would take at least two to three years to understand what condition it was in and another three years to restore the equipment and return it to full operations.

Both Ukrainian state nuclear operator Energoatom and Kharchenko said that Ukraine did not know the real condition of the nuclear power plant today.

WHAT ABOUT COOLING FUEL AT THE PLANT?

In the long term, there is the unresolved problem of the lack of water resources to cool the reactors after the vast Kakhovka hydro-electric dam was blown up in 2023, destroying the reservoir that supplied water to the plant.

Besides the reactors, there are also spent fuel pools at each reactor site used to cool down used nuclear fuel. Without water supply to the pools, the water evaporates and the temperatures increase, risking fire.

An emission of hydrogen from a spent fuel pool caused an explosion in Japan's Fukushima nuclear disaster in ‌2011.

Energoatom said the level of the Zaporizhzhia power plant cooling pond had dropped by more than 15%, or 3 meters, since the destruction of the dam, and continued to fall.

Ukrainian officials previously said the available water reserves may be sufficient to operate one or, at most, two nuclear reactors.


Egypt, Trump Reaffirm Strategic Alliance in 2025 amid Regional Turmoil

Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
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Egypt, Trump Reaffirm Strategic Alliance in 2025 amid Regional Turmoil

Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)
Egyptian President Abdel Fattah al-Sisi meets President Donald Trump ahead of a world leaders' summit on ending the Gaza war, in Sharm el-Sheikh, Egypt, October 13, 2025. (Reuters)

After months of speculation over the trajectory of Egyptian-US relations, fueled by persistent talk of strain and an impending rift, a high-level meeting between President Donald Trump and President Abdel Fattah al-Sisi in Sharm el-Sheikh reaffirmed the resilience of the strategic alliance between Cairo and Washington, even as the region remains in turmoil.

The meeting followed a turbulent period marked by Trump’s adoption of a proposal to relocate Gaza’s population, an idea firmly rejected by Sisi and one that prompted warnings of a diplomatic crisis between the two longtime allies.

The subsequent signing of a Gaza peace agreement in Sharm el-Sheikh sent a clear signal that, despite sharp disagreements over policy, the foundations of the bilateral relationship remain intact.

Early in Trump’s second term, media reports said Sisi had scrapped plans to visit Washington. As the year draws to a close, speculation has said that the visit may happen. Trump has acknowledged Sisi as a friend and said he would be happy to meet him as well.

Trump’s election victory late last year raised Egyptian hopes of strengthening the strategic partnership. Sisi voiced that expectation in a congratulatory post on X, stating that he looked forward to working together with Trump to achieve peace, preserve regional peace and stability, and strengthen the strategic partnership.

Those hopes were tested when Trump floated a plan to “clean out Gaza” and relocate its residents to Egypt and Jordan. Cairo rejected the idea outright, mobilized international opposition, unveiled an alternative plan for Gaza’s reconstruction and hosted an emergency summit on the issue in March.

Limited public engagement

David Butter, a research fellow in the Middle East and North Africa program at Chatham House, noted that the striking feature of Egypt-US ties over the past year has been their low public profile.

Aside from Trump’s appearance in Sharm el-Sheikh, there was not much happening in the open, he told Asharq Al-Awsat.

Amr Hamzawy, an Egyptian political scientist and director of the Middle East program at the Carnegie Endowment for International Peace, described the first year of Trump’s second term as difficult for bilateral relations.

He said it began with talk of displacement and a “Middle East Riviera” in Gaza, but Egyptian diplomacy succeeded in shifting the trajectory.

Trump’s peace plan, he said, ultimately signaled rejection of displacement and spoke of security and political tracks for Gaza and a broader political process for the Palestinian issue, though details remain unclear.

Hamzawy added that the year opened from a tough starting point that followed what he called President Joe Biden’s hesitant stance on Gaza, when displacement was first discussed.

After nearly a year of Egyptian political and diplomatic effort, he said, displacement dropped from Washington’s agenda, even if it remains a risk that cannot be ignored.

Historically, Egypt has been a pivotal state for US national security, given its geography, demographic weight and diplomatic role, according to a recent report by the Congressional Research Service.

Gaza, the main test

The Gaza war shaped Egyptian-US relations during Trump’s first year back in office. Washington backed Egyptian-Qatari mediation to halt the war. US Secretary of State Marco Rubio thanked Cairo after a truce was reached between Israel and Hamas in January.

When hostilities resumed, however, Egypt faced complex diplomatic choices with both Washington and Israel. It rejected Trump’s call to resettle Gaza’s population, while its reconstruction plan failed to gain US or Israeli acceptance.

Cairo also drew criticism from Trump for declining to join US strikes against Yemen’s Houthis, the Congressional Research Service (CRS) revealed.

Butter noted that ties with the Trump administration were strained over Gaza after Sisi canceled a Washington visit early in the year, following Trump’s “Middle East Riviera” remarks, which left contacts at a minimum.

He said Trump’s Sharm el-Sheikh visit, the signing of the Gaza agreement and the celebration of his plan’s success offered a chance to reset relations. Egypt, he added, has become indispensable to Trump’s administration in Gaza.

Hamzawy said Gaza dominated the first year of Trump’s term, giving Egypt a chance to restore its standing with US and European decision-makers as a key mediator. Cairo put its vision on the table, he said, shifting US thinking toward parallel security and political tracks and from talk of disarmament to limiting weapons.

Throughout the year, Egypt publicly counted on Trump to end the Gaza war. In July, Sisi urged him in a televised address to press for a halt, saying Trump was capable of doing so.

Analysts Daniel Byman and Jon Alterman wrote in Foreign Policy that Egypt is indispensable to international responses to the Gaza war, even if it remains a difficult partner for Washington and Israel. The conflict, they said, restored diplomatic focus on Egypt and strengthened its leverage.

Sara Kira, director of the European North African Center for Research, said relations in Trump’s second term differ from his first. The earlier term saw broad alignment and personal warmth from Trump, particularly on counterterrorism, she said. The second term has been marked by divergence.

That surfaced in April when Trump called for free passage for US commercial and military vessels through the Suez Canal in exchange for US efforts to protect the waterway.

Positive signals despite differences

Despite disagreements over Gaza, there were positive signs elsewhere. Early in the year, the US State Department froze new funding for most aid programs worldwide, exempting humanitarian food programs and military aid to Israel and Egypt.

Washington did not include Egypt on a travel ban list issued in June. Trump said Egypt was a country with which the United States dealt closely and that things there were under control. Egypt was also spared higher US tariffs. Cairo has repeatedly stressed the depth and resilience of the strategic relationship.

Kira said Egypt exerted maximum pressure to achieve peace and stop the Gaza war, eventually convincing Washington of its approach and reaching a peace agreement in Sharm el-Sheikh. She said Egypt acted pragmatically and astutely, reading Trump’s personality and US interests.

As talks on the second phase of the Gaza agreement stall, Egypt continues to rely on the Trump administration to advance its plan. Cairo remains in contact with Washington and is working with it to prepare a donor conference for Gaza’s reconstruction, which has yet to receive sufficient momentum from the Trump administration.

The dialogue extends beyond Gaza to Libya, Sudan, Lebanon and Iran, as well as water security, led by Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), which Egypt fears could affect its Nile water share.

GERD

In mid-June, Trump stirred controversy in Egypt when he wrote on Truth Social that the United States had “stupidly” funded the dam Ethiopia built on the Blue Nile, triggering a severe diplomatic crisis with Egypt.

In August, the White House released a list of Trump’s foreign policy achievements, which included a purported agreement between Egypt and Ethiopia over the dam.

Trump has repeatedly spoken of his administration’s efforts to resolve the dispute, but those claims have yet to translate into concrete action.

Hamzawy said there is an opportunity for Washington to mediate and revive an agreement reached near the end of Trump’s first term.

Charles Dunne of the Arab Center Washington DC wrote recently that Trump’s stance may please Cairo but could also produce adverse outcomes if Washington does not assume a mediation role.

The United States hosted talks with the World Bank in 2020 during Trump’s first term, but they failed after Ethiopia refused to sign the draft agreement.

Military ties endure

Military cooperation continued largely as usual. Since 1946, the United States has provided Egypt with about $90 billion in aid, with a sharp increase after 1979, which successive administrations have framed as an investment in regional stability, according to the CRS.

For more than a decade, Congress has imposed human rights conditions on part of Egypt’s aid.

Between fiscal years 2020 and 2023, the Biden administration and Congress withheld approximately $750 million in military funding. Trump’s technical annex to the proposed fiscal 2026 budget seeks $1.3 billion in military assistance for Egypt without conditions, the CRS said.

Hamzawy said the administration is far from imposing conditionality, noting that relations rest on mutual interests between a major power and a positively influential middle power.

Since the Gaza war, the Biden and Trump administrations have accelerated US arms sales to Egypt. The State Department notified Congress of military sales totaling $7.3 billion. In July, the Pentagon announced that the State Department had approved the sale of an advanced air defense missile system to Egypt, valued at approximately $4.67 billion. Egypt also hosted the Bright Star military exercises in September.

Kira said ties with Washington are driven by interests and that Cairo has positioned itself as a core regional player.

Hamzawy said Egypt occupies a central place in US Middle East thinking, as Washington needs a spectrum of allies, with Egypt at the heart of that network.


Why Metal Prices are Soaring to Record Highs

A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
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Why Metal Prices are Soaring to Record Highs

A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP
A salesman displays gold chains at an Indian jewelry store in September. Idrees MOHAMMED / AFP

Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply.

Below AFP examines the reasons for the surge in demand.

- Safe havens -

Gold and silver are traditionally seen as safe-haven assets, and demand has soared amid mounting geopolitical tensions, from US President Donald Trump's tariffs onslaught to wars in Ukraine and Gaza, as well as recent pressure by Washington on Caracas.

Investors are also uneasy about rising public debt in major economies and the risk of a bubble in the artificial intelligence sector.

These uncertainties are driving up gold and silver, with other metals now starting to see the impact as investors seek to diversify their portfolios, explained John Plassard, an analyst at Cite Gestion Private Bank.

"Metal is once again becoming insurance rather than just a speculative asset," he told AFP.

- A weak dollar -

Traditional safe havens like the dollar and US Treasuries have become less attractive this year.

Uncertainty around Trump's presidency and the prospect of further Federal Reserve interest rate cuts, have weakened the dollar, reducing its appeal to investors.

As a result, many investors are turning to gold and silver.

Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday, while silver reached a record high of $72 an ounce, with prices up about 2.5 times since January.

A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.

- Fresh demand -

Industrial demand has surged in recent months, driven by the rise of artificial intelligence and the energy transition.

Copper, used for solar panels, wind turbines, electric vehicle batteries and data centers, has seen strong gains as a result.

Prices hit a record on Wednesday, topping $12,000 a ton, helped further by China, the world's largest copper consumer, announcing new measures to boost demand.

Aluminium, a cheaper alternative to copper, and silver are also benefiting from the AI boom and the shift to renewable energy.

Platinum and palladium, used in car catalytic converters, have also risen, reaching a record high and a three-year high respectively, after the European Union decided to allow sales of new internal combustion vehicles beyond 2035.

- Tight supply -

Copper prices have been lifted this year by fears of US tariffs, prompting companies to stockpile ahead of their introduction, with duties imposed on semi-finished products and potentially extending to refined copper.

Supply risks from disruptions at mines in the Democratic Republic of Congo, Chile and Indonesia have added to the price surge.

Physical markets for silver, platinum, and aluminium are also tight.

According to Ole Hansen, an analyst at Saxo Bank, thin holiday trading, which increases volatility, and investor fear of missing out have further amplified the rise at the end of the year.