Copper Prices Hit Record High as U.S. Tariff Decision Looms

Speculation of a 25% import tariff and supply disruptions drive U.S. copper futures to $5.374 per pound, with a decision expected within weeks.

U.S. copper futures reached a record $5.374 per pound on Wednesday, fueled by expectations of a 25% tariff on copper imports and halted shipments from Chile.
The U.S. Commerce Department's investigation into copper tariffs, initially expected to conclude by late 2025, is now anticipated to deliver a decision within weeks.
An estimated 500,000 tons of copper are being redirected to the U.S. in March, significantly tightening global supply and creating shortages in key markets like China.
China's economic stimulus measures, including increased household consumption and pro-growth policies, are further driving demand for copper in clean energy and AI sectors.
Industries reliant on copper, such as construction and manufacturing, face rising costs, while mining companies like Freeport-McMoRan and Southern Copper see stock price gains.