Copper slips on Trump auto tariffs, uncertainty

From brecorder.com

Copper prices eased on Thursday after U.S. President Donald Trump announced 25% tariffs on auto imports, which could dampen metals demand. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.9% at $9,840 a metric ton at 1030 GMT, after touching its highest in nearly 10 months in the previous session. Global equity markets slumped, especially automaker stocks, after Trump late on Wednesday announced the auto tariffs. “It does seem like that could damage demand for autos and therefore all the metals that are used in autos. So that’s hurting copper prices and other base metal prices today,” ... (full story)