Copper drifts higher, still under the spell of Trump tariffs

From brecorder.com

Copper prices extended gains on Tuesday as traders kept up speculative buying based on expected U.S. tariffs, but concerns persisted that the rally was not based on strong demand. Benchmark three-month copper on the London Metal Exchange (LME) added 0.4% to $9,997.50 a metric ton by 1030 GMT after gaining 1% on Monday, but shy of its five-month peak of $10,046.50 touched last week. Traders have been bidding up copper prices especially those in New York, after U.S. President Donald Trump ordered a probe into potential tariffs on copper imports to rebuild U.S. production of the metal. U.S. most active May Comex copper ... (full story)