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News in English (USA) / 26.03.2025 / 07:00

Copper Prices Surge Amid Tariff Uncertainty and Import Increases

Copper prices are on the rise, with experts predicting they could reach unprecedented levels this year, driven by anxiety over potential tariffs announced by the Trump administration. Major trading groups forecast prices could hit $12,000, amid reports of U.S. copper imports soaring to 500,000 tons. The looming tariffs are causing fluctuations in the market, as traders prepare for the potential impact on supply chains. While there are signs of hope with some analysts expecting a measured approach to tariffs, fears of significant increases continue to fuel a rally in copper prices. Recent trading sessions have seen copper hitting record highs, igniting interests among investors looking to capitalize on these developments.
Financial Times, Bloomberg, Yahoo Finance, Daily Mining Gazette, Reuters, MINING.com, MarketWatch, TradingView, The Globe and Mail, ForexLive