14001.600
Today
-0.11%
5 Days
-3.38%
1 Month
-0.89%
6 Months
+10.18%
Year to Date
+12.27%
1 Year
+39.15%
Opening Price
14014.600Previous Closing Price
14014.100ING’s Commodities Strategist Ewa Manthey notes that Copper has dropped sharply after a Reuters report suggested a US decision on refined Copper tariffs is still pending, highlighting how a tariff premium has driven prices beyond fundamentals.
TD Securities analysts Ryan McKay and Bart Melek report that Copper’s recent rally has been driven mainly by supply-side factors linked to tariff-induced inventory depletion.
• Aggressive profit-taking and downstream consumer resistance drove the copper price retreat. • Physical market demand softened as high prices delayed orders in China. • Technical indicators show a MACD buy signal and a neutral RSI.
ING’s commodities team notes Copper has surged to fresh records on the LME, with three‑month futures nearing $14,800/t, as traders position for potential US tariffs on refined Copper imports.
Commerzbank’s Norman Liebke highlights that LME 3‑month Copper has set a new all‑time high above USD 14,530 per ton, supported by strong US demand and anticipated import tariffs.
Copper prices have accelerated their rally this week, reaching an all-time high of 14,697 per ton at the London Metal Exchange (LME) on Tuesday.