Copper Prices Plunge Amid Tariff Uncertainty

Copper prices have taken a hit after hitting a record high on the London Metal Exchange. The commodity fell more than 3% on Thursday following a Reuters report that the US decision on refined copper tariffs has not yet been made.

The tariff uncertainty has driven up copper prices, pushing them ahead of current fundamentals. However, this latest reversal shows that prices remain vulnerable to any further weakening in tariff expectations.

Copper's longer-term outlook remains positive, but the recent sell-off serves as a reminder that market sentiment can shift quickly.