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Commodities

Copper Prices Soar to Record High Amid US Tariff Expectations

Guavy AI Editorial Team
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Copper
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Copper prices have reached an unprecedented high of $14,708 per tonne due to expectations surrounding future US tariffs on refined copper.

The current rally follows a period of volatility, with copper crossing $12,000 per tonne in December 2025 and subsequently declining to around $11,929.5 per tonne in March 2026 amid concerns about the West Asia conflict.

Analysts attribute the latest rally primarily to expectations surrounding future US tariffs on refined copper, rather than broad-based optimism about global growth.

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