Copper Prices Plummet Amid Uncertainty Over US Tariffs

Copper prices plummeted to $14,312 per metric ton on the London Metal Exchange after briefly reaching a record high of $14,875.

This sharp reversal in copper prices triggered a broad selloff in mining equities, with Canadian copper miners Ero Copper and HudBay Minerals leading the decline.

Ero Copper shares fell 7.9% to CA$48.70, while HudBay Minerals dropped 7.3% to $36.90, extending pressure across copper-focused Canadian miners.

The uncertainty over U.S. tariffs on refined copper imports added to investor concerns, with the White House yet to finalize its position on the matter.