Reported 28 days ago
Copper futures in the United States have surged to an all-time high of $5.2145 per pound, driven by expectations of significant import tariffs and halted shipments from Chile, a major supplier. The price gap between US copper and the global London Metal Exchange (LME) prices has widened sharply, with predictions that the US may impose a 25% import levy by year-end. Analysts estimate that significant amounts of copper are set to arrive in the US to avoid these tariffs, increasing pressure on global copper supply.
Source: YAHOO