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Copper hits two-week high on demand optimism after US tariffs struck down

From brecorder.com

Copper prices rose to two-week highs on Wednesday as growth and demand optimism dominated the mood after the U.S. Supreme Court ruled against President Donald Trump’s sweeping reciprocal tariffs. Benchmark copper on the London Metal Exchange was up 0.6% at $13,241 a metric ton at 1100 GMT after rising to $13,320 earlier in the session, the highest since February 12. The U.S. Supreme Court last week struck down tariffs imposed by Trump that he pursued under a law meant for use in national emergencies. “Asian markets are benefiting from the Supreme Court’s tariff ruling, which replaced higher reciprocal tariffs with ... (full story)

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  • Category: Fundamental Analysis