U.S. copper prices rebounded on Thursday after U.S. President Donald Trump said a 50% tariff would start on August 1, but held below their record peak due to a glut of metal already in the country and uncertainty over details. Trump signalled on Tuesday that he was imposing fresh tariffs on copper. He confirmed that and announced the date on Wednesday. The most active COMEX copper futures contract was up 2.1% to $5.60 a lb at 0945 GMT, down from a record high of $5.90 touched on Tuesday. “I think the spike high will probably be left on its own for a little while,” said Ole Hansen, head of commodity strategy at Saxo ... (full story)