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Copper Smashes Records on US Tariff Fears
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 concerns that the Trump administration could impose new tariffs on refined metal, prompting a massive flow of copper inventories into the United States and leaving other regions facing a potential shortage. The core of the rally centers on market inventory. A plan to ... (full story)
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From msn.com | Jan 5, 2026
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 ...
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 zerohedge.com | Jan 6, 2026
Goldman's "circular melt-up" call and its recent upgrade to the 2026 London Metal Exchange (LME) copper price forecast have so far proven correct, as the industrial metal surged above $13,000 a ton with traders continuing to price in tighter global supply and a broader risk-on mood across metals. Three-month LME copper futures rose as much as 3.1% to a ...
