Copper Surges Toward Record on Tariff Concerns and Risk-On Mood [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Benchmark futures rallied as much as 3.5% in London, approaching the peak just below $13,000 a ton set last week. Concerns about potential US tariffs have led traders to ramp up shipments to that country, reducing supplies elsewhere. In addition, the start of a strike at the Mantoverde mine in Chile was a reminder of scope for risks to shipments at a time of expanding global demand. Most Read from Bloomberg Sinkholes and Quake-Hit Roads Expose Japan's Infrastructure Emergency All base metals were stronger on Monday, as equities climbed aided by bets on technology shares. More broadly, investors were assessing the wider implications of the US seizure at the weekend of Venezuelan leader Nicolas Maduro, including Washington's evolving stance toward the resources that are central to security and economic growth. Copper, a metal vital for the energy transition, surged by 42% in 2025 to post the best year since 2009. Trump's plan to revisit the question of tariffs on primary copper
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News
- Chinese Demand for Copper Vanishes After Prices Hit Record [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chinese Demand for Copper Vanishes After Prices Hit Record [Yahoo! Finance]Yahoo! Finance
- Nickel Drops From 19-Month High as Metals Rally Takes Breather [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nickel Drops From 19-Month High as Metals Rally Takes Breather [Yahoo! Finance]Yahoo! Finance
- Copper Extends Rally, Bursting Through $13,000 a Ton [Yahoo! Finance]Yahoo! Finance