- Copper prices are fluctuating around the $14,000 level as the market anticipates a potential announcement from the Trump administration regarding import levies.
- The US Department of Commerce has exceeded its deadline by more than three weeks for delivering fresh tariff recommendations to the President.
- Anticipation of these tariffs has already driven significant volumes of copper into the US throughout the year, resulting in a tighter global market.
Quotes
“Copper pulled back from its highest level since early June as traders watched for any announcement from the White House on its plans for import tariffs on the metal.”