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News in English (USA) / 16.03.2025 / 21:00

Copper Market Insights Amidst Tariff Threats

The copper market is experiencing significant volatility as potential tariffs from the U.S. raise concerns and expectations simultaneously. Analysts from Citigroup suggest that LME copper prices could surge to $10,000 before tariffs take effect, while Goldman Sachs anticipates a 50-100% spike in U.S. copper imports in response to these uncertainties. Despite recent pullbacks due to weak Chinese economic data, copper prices have seen rallies, reaching a 9-month high. Traders are capitalizing on this uncertainty, with physical copper trading booming. However, experts warn that the strength in copper prices may be short-lived, with forecasts indicating a potential decline in the coming months. Overall, the copper market remains at a crossroads, influenced by tariff threats and shifting global demand.
ETFdb.com, Bloomberg, MINING.com, TradingView, Reuters, FactSet Insight, Marketscreener.com, Seeking Alpha, Українські Національні Новини, SMM - Shanghai Metals Market