“Copper prices were almost synthetically high because of this pre-buying,” said Yates. Pre-buying ahead of last week’s tariff announcements, which ultimately did not target copper.

Chinese copper buyers used Monday’s collapse in prices below $8,500 a ton to significantly increase purchases, traders said, helping to trigger a dramatic rebound even as a rout in other global ...

Copper prices surged past US$10,000 per metric ton on Thursday (March 20), hitting a five month high as traders scrambled to secure supply ahead of potential US tariffs on the base metal.

Traders typically think of copper as a leading economic indicator; rising prices often predict economic growth ahead. But copper’s rising price may be sending a murkier signal right now.

Gold isn’t the only metal smashing through record high prices. Copper prices in New York hit a record high on Wednesday after Bloomberg reported that President Donald Trump might impose tariffs ...

Base metal prices plunged early Friday, with three-month benchmark copper (HG1:COM) on the London Metal Exchange recently -3.7% at $8,985.50/metric ton and three-month aluminum (LMAHDS03 ...

However, the collapse in copper prices has also led to traders to increase their positions, leading to a rally of nearly $1,000 in a little over two hours — the largest intraday move since 2009.

Copper prices are now sliding along with oil and other commodities in anticipation of a global downturn. Chile accounted for 24% of global copper production last year.

NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal. Buyers in the U.S ...