Copper prices hit a new record of $5.2255 per lb as traders brace for potential tariffs from President Trump. With a 29% increase this year, the market is experiencing unprecedented changes driven by supply shifts and strong demand.
US tariffs on copper imports may be implemented within weeks, much earlier than anticipated. President Trump's directive to the Commerce Department could reshape the copper market significantly.
U.S. President Donald Trump's proposal for a 25% tariff on copper imports is driving prices up, with manufacturers stockpiling ahead of potential tariffs and traders reacting to market shifts.
