Copper hits record $13k on tariff concerns

Copper extended its powerful rally after bursting through $13,000 a ton for the first time, as a renewed rush to ship metal to the US fired up bullish traders and investors. Benchmark prices surged as much as 1.5% to a record $13,187 a ton on the London Metal Exchange, following a gain of more than 4% on Monday. The metal has now racked up an advance of ...

U.S. copper prices notched a new record high Monday, surpassing their last peak from July, when President Trump’s tariff policies rattled the market. Trump’s decision to slap a tariff on copper products, rather than the raw material, whipsawed traders over the summer. They had bid up U.S. futures and loaded warehouses with copper in anticipation of a steep ...

Copper extended a powerful rally after bursting through $13 000 a ton for the first time, as traders and investors bet on a tighter global market. Three-month futures surged as much as 2% to a record above $13 253 a ton in London on Tuesday, surpassing the peak set on Monday. Concerns that the Trump administration may introduce a tariff on refined metal ...