Copper prices climb as China stockpiles dwindling
China's copper stockpiles could run out in just a few months as the US hoovers up supplies of the key metal, according to a report from the Financial Times that cites experts from commodities trading house Mercuria. Fears of US tariffs have led to a spike in demand in the US ahead of the Trump trade levies coming into force.
ACG Metals hails transformational year as copper production drawdown nears
ACG Metals Ltd (LSE:ACG, OTC:ACGAF) chairman Artem Volynets has described 2024 as a “transformational year” for the London-listed miner, but says the real leap forward will come in 2026 when the company begins producing copper from its Gediktepe mine in Türkiye. From early that year, the mine will start processing sulphide ore, targeting annual copper output of between 20,000 and 25,000 tonnes.
Citi lifts short-term copper price forecast but stays bearish over next six months
The American bank has raised its near-term copper price target, saying the metal's downside risk has eased, though it still expects a fall as US tariffs bite and demand weakens. Citi has moderated its bearish stance on copper, lifting its three-month price forecast to $8,800/t from $8,000, but said it still expects prices to drift lower over the next two quarters as consumption slows.
Copper bull goes 'soft' on the prospects for the red metal amid tariff turmoil
UBS has softened its bullish stance on copper as global markets reel from the economic fallout of President Donald Trump's sweeping new tariffs. The metal has tumbled by more than 15% from its March highs, with prices dipping below $9,000 per tonne on the London Metal Exchange, a sharp reversal for a commodity long seen as a bellwether for industrial growth.
Copper's tariff tipping point: US investment bank warns of a rough ride ahead
Copper, often seen as a bellwether for the global economy, has held up better than expected so far this year
Copper retreats as US-China trade tensions escalate
Copper prices continued to fall sharply on Friday amid heightened global economic uncertainty and escalating trade tensions between the United States and China. Copper prices on New York's COMEX fell 6.6% to $4.51 per pound on Friday morning.
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Trump Tariffs: What Impact Could Levies Have on Copper Markets, Trade?
Citi Global Head of Commodities Research Max Layton discusses the impact of potential import tariffs from US President Donald Trump's administration on copper markets. He speaks on Bloomberg Television.
Freeport McMoRan CEO Kathleen Quirk: We provide 70% of the copper mined in the U.S.
Kathleen Quirk, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk the impact of tariffs, copper mining, copper futures and more.
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Peru's Copper Boom Sparks Existential Mining Crisis
Peru's copper reserves are becoming more valuable than ever as global demand surges. But a battle is brewing over who gets to mine and profit from them.
Copper tariff logic is unclear and implementation would be bearish
Marcus Garvey, head of commodities strategy at Macquarie Group says the chances of tariffs creating a significant domestic production response for copper in the U.S. is low and discusses the scenario which could lead to prices falling "very quickly" towards the $9,000 level.
