Tuesday, 02 January 2024 12:17 GMT

Tariff Turmoil Drives Copper Prices To Record High


(MENAFN- Investor Brand Network) As the week got started, copper prices on the London Metal Exchange (LME) climbed to their highest-ever level as markets increasingly expected that President Trump would expand tariffs on imports to include refined copper.

Analysts are watching what impact these high copper prices have on the demand-side of the market. In the past, high prices have dampened demand in key markets like China, so entities like Collective Mining Ltd. (NYSE American: CNL) (TSX: CNL) and...

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