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Copper price pulls back sharply ahead of US tariff deadline
In anticipation of the tariff deadline, global traders have been shipping massive amounts of copper to the US, triggering a last-minute scramble and a spike in prices earlier this month. While copper prices in the US are now much higher than those in London, they still do not fully reflect the 50% universal tariff rate.
Trump Imposes 50% Tariff on Copper Imports, White House Says
U.S. President Donald Trump on Wednesday signed a proclamation ordering tariffs on copper imports, citing national security, the White House said. The proclamation imposes a 50% tariff on semi-finished copper products and copper-intensive derivative products as of Aug.
Copper prices fell sharply late Wednesday afternoon, because of what one analyst referred to as a “massive market surprise” in President Donald Trump’s latest action to address the threat that copper ...
Copper price chart The following chart is of copper spot prices over the course of the year. This data is accurate as of July 29, 2024. It doesn’t display intraday highs or lows.
Global stock markets have largely shrugged off President Donald Trump’s renewed tariff campaign. In commodities markets, ...
U.S. copper prices surged to records last week ahead of the 50% tariff that President Trump has promised to impose on imports Aug. 1. Traders and analysts expect copper prices in the U.S. t ...
The price of copper opened today at $4.55 per pound, as of 9 a.m. ET. That’s up 1.49% from the previous day’s copper price per pound and up 17.68% since the beginning of the year. The lowest ...
With copper prices breaking out last week, we looked at the S&P 500 performance during similar breakouts, historically ...
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Copper price today: LME price falls 1.5% despite hitting record high in US; Where's it headed?Prices in New York traded at a substantial 24% premium compared to similar futures in London, which typically serves as the global pricing benchmark. Whereas, on the London Metal Exchange (LME), ...
US copper prices hit record high as Trump threatens 50% tariff US copper prices hit record highs as Donald Trump threatened a 50% tariff on imported copper. During a cabinet meeting at the ...
Copper was trading on the COMEX at under US$4 per pound at the beginning of 2024, but by May 21, the red metal's price had surged to a record high of US$5.11 per pound. Price momentum at the ...
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