Copper prices surge as traders rush to beat Trump tariffs

Copper prices surge as traders rush to beat Trump tariffs

Hunt for scarce supplies threatens to create a ‘short squeeze’, pushing prices even higher, warn analysts

Copper prices linger near multi-month highs on supply crunch, US tariff jitters

GLOBAL-METALS/:METALS-Copper prices linger near multi-month highs on supply crunch, US tariff jitters

Copper Prices Surge Amid Tariffs, Leaving Other Metals Behind

The London Metal Exchange’s latest figures reveal that copper is ending the first half of the year with a 12% increase in value, a notable surge attributed to recent tariffs and a decrease in available stocks. U.S. copper contracts on the CME are currently trading at $1,200 per metric ton, reflecting a steady climb in prices as stocks on the LME continue to dwindle and more physical copper is being redirected to the United States. This upward tr…

Copper market in extraordinary trading conditions

LONDON copper prices have surged to near yearly highs as the metal enters backwardation, creating unprecedented market volatility driven by a scramble for dwindling supplies ahead of potential US tariffs, said the Financial Times. The benchmark London Metal Exchange price reached almost $10,000 per ton on Wednesday, its highest level in over three months, whilst warehouse stocks plummeted to their lowest since 2023, the newspaper said. This dram…

Copper Prices Surge Amid Supply Constraints and Trade Optimism

Copper prices have surged to a three-month high driven by tightening supply and renewed optimism in global trade. As of early July 2025, copper futures for September delivery on the COMEX rose over 2.1% to reach US$5.1925/lb., or approximately US$11,423/t, approaching an all-time high of US$5.277/lb set in March. Similarly, the London Metal Exchange (LME) three-month copper contract touched US$9,984/t, its highest since 27 March 2025. This price…

Copper at $10,000/Ton: The Frantic Race That Is Upsetting the Global Market! - Economic Scenarios

Copper prices in London have hit their highest levels of the year, nearly hitting $10,000 a tonne, driven by a frantic rush to snap up dwindling supplies.