Copper market navigates tariff uncertainty amid tight global supply

From home.saxo

The copper market continues to trade within a wide range, with some of the price action being driven by market participants trying to preempt what tariff level, if any, the US Commerce Department eventually will recommend the Trump administration apply on US imports. Just like steel and aluminium, Trump has threatened to impose a 25% duty on all copper imports—a move that could roil the global market for one of the world’s most important metals—not least considering a robust demand outlook, recently further enhanced by an energy transition which is expected to increase demand for a key conductor of power ... (full story)