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Copper under pressure as demand falters ahead of crucial week
Copper prices fell on Friday as physical buyers paused ahead of a week that could prove pivotal if it brings more clarity about the U.S. copper import tariff and the U.S. trade agreements with other countries. Three-month copper on the London Metal Exchange fell 0.4% to $9,829.50 a ton by 1013 GMT. On the technical front, the metal is facing support from the 21-day moving average at $9,803. The most active COMEX copper futures, which hit a record high of $5.959 a lb on Thursday, were last down 0.1% at $5.796, trading at a 30% premium over the LME benchmark. The premium remained below the 50% import tariff planned by ... (full story)
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- Jul 25, 2025 9:35am Posted byFundamental Analysis245
