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. consumer prices saw a modest rise in February, driven by shelter costs, while airline fares fell. The Federal Reserve may hold interest rates steady, but trade war fears loom over future inflation.
