Part 1/10:
The Impact of U.S. Tariffs on Global Copper Prices and Supply
In a recent development, the U.S. administration announced significant tariffs on imported copper products, leading to a dramatic overnight fall in copper prices. The tariffs primarily target finished copper products such as pipes and wires, with tariffs set at around 50%. This move is part of a broader tariff strategy that the Trump administration had been rolling out across various industries, including steel, aluminum, lumber, and vehicles.