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Copper eases to near 2-week low after Trump’s Greenland backtrack
Copper fell to its lowest in almost two weeks on Thursday as markets were calmed by U.S. President Donald Trump’s pledge not to take Greenland by force and his retraction of planned tariffs on countries opposed to his taking over the Arctic island. Benchmark three-month copper on the London Metal Exchange was down 1.3% to $12,640 per metric ton as of 1034 GMT. It touched $12,621 earlier in the session, the lowest since January 9. The contract hit a record high of $13,407 last week. Trump on Wednesday ruled out using military force to take over Greenland and said he would no longer be imposing tariffs on European ... (full story)
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- Jan 22, 2026 9:33am Posted byFundamental Analysis173
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