US Tariff Fears Ease, Copper Prices Stabilize
Copper futures have stabilized after plummeting nearly 5% in the previous session, trading around $6.45 per pound on Friday.
The US is reconsidering plans to impose import tariffs on refined metals, easing fears that pushed copper prices down.
A record high was reached earlier this week as traders redirected shipments to US warehouses to capitalize on tariff-driven gains in local prices, tightening global supplies.