13 Hrs
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الاقتصادية
Copper hovers around $14,000 amid tariff concerns
Copper prices have retreated from their highest level since early June, as markets await statements regarding potential tariffs by the U.S. administration on metal imports. Despite the fundamental support, economic and geopolitical risks remain, with the possibility of a 15% duty starting in January 2027, which could lead to increased shipments to the U.S. Market disruptions continue, with import premiums rising in China and canceled stockpiled amounts exceeding 170,000 tons. Meanwhile, copper prices hover around $14,000 per ton, influenced by tensions between the United States and Iran.
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