Copper Prices Plummet Amid US Tariff Policy Uncertainty
Copper prices are trading near their session lows, down 4.22% to $6.5638 per pound.
The price is currently below its key moving averages, reflecting broad intraday weakness.
Copper futures recently reached a record high near $14,800 per tonne on the London Metal Exchange and Comex due to uncertainty surrounding US tariff policy.
The White House's tariff plan for refined copper imports faced delays due to affordability concerns, contributing to recent profit-taking by traders.