Copper Price, Miners Slide on Trump Tariff Doubts
5 Articles
5 Articles
The ton approached a historic peak of US$ 15,000 before a tough adjustment, after signs that Washington still evaluates metal tariffs. Julius Baer, meanwhile, raised its target prices.
Copper Stocks Sink as White House Tariff Uncertainty Spooks Traders
Copper future and related stocks plunged on Thursday morning after a Reuters report said that the White House's "copper tariff plan stalls amid affordability concerns." The Trump administration has yet to decide whether to impose tariffs on refined copper, sending copper prices around the world to record highs this summer as physical copper flooded US warehouses. The report from the outlet: The White House has not yet made a decision on refined …
The price of copper experienced a sharp decline in the London Metal Exchange, falling by more than 3%. This, after it was known that the day had begun with a new historic peak for red metal, which came to be quoted at around $14,875 per ton, equivalent to $6.74 per pound. ... Continue reading "Copper goes red after its historic peaks in the face of new uncertainties due to Trump tariffs."
Copper prices were heading towards their first weekly fall since June, despite having stabilized on Friday, after a sharp decline in the previous session following news from Reuters that the White House has not yet made a decision on the imposition of a tariff on this metal.
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