Reported 4 days ago
Copper prices have dropped from a nine-month peak amid speculation that supply issues linked to potential U.S. tariffs could resolve sooner than anticipated. After reaching over $10,000, prices fell on the London Metal Exchange for three consecutive days, coinciding with reports that the U.S. administration may implement tariffs on copper imports in the coming weeks. This rapid decision could limit traders' ability to redirect metal to the U.S., prompting a swift retreat in copper values.
Source: YAHOO