US Tariff Uncertainty Keeps Copper Prices Volatile

Copper prices remain volatile due to uncertainty over potential US refined copper import tariffs. The White House has not yet made a decision on the measure, which is keeping market participants on edge.

The ongoing deliberation has heightened market sensitivity as traders assess the possible influence on domestic manufacturing costs and broader supply chain stability. This policy ambiguity has contributed to a cautious tone in the copper futures market, with both supply expectations and sentiment fluctuating as official guidance remains unsettled.

Copper prices are trading below their short- and medium-term moving averages, with momentum indicators pointing to high downside risk. According to technical analysis, copper is expected to trade within a range of $6.3835 to $6.7305 over the next 2-3 trading days.