Copper Prices Steady Amid US Import Surge and Tariff Fears

Copper prices have stabilized at $6.5238 after a minor decline in trading, remaining above its key short- and medium-term moving averages.

US copper imports have surged to a 12-year high as traders anticipate potential tariffs on refined copper imports from the Trump administration.

The anticipation of potential tariffs has shifted short-term importing behavior, driving preemptive US copper inflows. Market participants are front-loading shipments to secure supplies before expected regulatory changes take effect.