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US copper prices set first record since summer tariff surge
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 import tax on cathodes and other less processed forms of the metal, which is essential to everything electric. Futures prices dropped 22% in a single day. Futures prices have now recovered those losses and then some, with contracts for January delivery ending ... (full story)
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Randy Smallwood, CEO of Wheaton Precious Metals, joins BNN Bloomberg to discuss his lookahead on copper and other precious metals for 2026.
From miningweekly.com | Jan 6, 2026
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 ...
From beemarkets.com | Jan 6, 2026
Copper prices have blown past the $13,000 per ton mark for the first time, extending a powerful rally as investors bet on an intensifying global supply squeeze. Three-month futures in London surged to a record high of $13,253 a ton on Tuesday, climbing as much as 2% and eclipsing the peak set just one day prior. The explosive move is being driven by ...
