Copper Prices Soar Ahead of Trump Tariff Decision
Copper prices surged to $14K per ton on the London Metal Exchange, marking its highest level in two months. The surge comes as traders anticipate a decision from President Trump regarding tariffs on refined copper imports.
Rising volumes of copper stockpiled in the US ahead of this expected decision contributed to the increase in prices. Traders are keeping a close eye on these developments, which could impact global copper markets.