Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
24 March 2025 | Other

Copper and other industrial metals prices rise ahead of US new import tariffs

Copper
Copper and other industrial metals prices rise ahead of US new import tariffs

Industrial metals, copper in particular, surged in price ahead of the introduction of new import tariffs by US President Donald Trump on April 2, Bloomberg reports.

The US leader will announce retaliatory duties aimed to hit countries that have launched tariffs against the US. This will consequently trigger volatility and uneasiness in the markets, the agency notes. Still, copper trader Kostas Bintas expects the asset to reach new record highs on tight supply.

Copper price climbed by 0.6% on the London Metal Exchange. At the end of last week, it jumped above the level of $10,000 per ton. Aluminum (+0.4%) and other industrial metals also rose.

Meanwhile, Australian mining company Mineral Resources announced that haulage at its Onslow project has resumed after an accident earlier.

Elena Dorokhina MarketCheese

Recommended

United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 63.3K to 62.8K
8 May
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 40.2K to 55.1K
17 April
China. Industrial Production (YoY). The value of the indicator has decreased from 6.3% to 5.7%
16 April
United States. Heating Oil Stockpiles. The value of the indicator has increased from -0.038M to 0.153M
Today at 2:30 PM
United States. Gasoline Inventories. The value of the indicator has decreased from -2.504M to -4.084M
Today at 2:30 PM
Top news
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.1%
Today at 9:02 AM
United States. CPI (YoY). The value of the indicator has increased from 3.3% to 3.8%
Yesterday at 12:30 PM
United States. Nonfarm Payrolls. The value of the indicator has decreased from 185K to 115K
8 May
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
8 May
European Union. Retail Sales (MoM). The value of the indicator has increased from -0.3% to -0.1%
7 May
All news

Forecasts

USDCAD buy
Period: 13.06.2026 Expectation: 1000 pips
Go long on USDCAD with 1.38800 target in play
FA Other Indicators and reports Chart analysis Hot news
Today at 10:48 AM 21
Sinclair_John
Natural gas buy
Period: 20.05.2026 Expectation: 100 pips
Natural gas prices are correcting within upward channel ahead of another rally
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Today at 09:39 AM 15
Lyra_Moonwell1
NVIDIA Corporation buy
Period: 20.05.2026 Expectation: 1000 pips
Investing in NVIDIA stock with $230 in sight
FA Other Indicators and reports Chart analysis Hot news
Today at 09:06 AM 11
Reed_Marcus
EURUSD sell
Period: 20.01.2028 Expectation: 500 pips
Hot US inflation and geopolitical jitters weigh heavily on EURUSD
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Today at 06:26 AM 16
Emily_Foster
BTCUSD buy
Period: 12.06.2026 Expectation: 4700 pips
Invest in Bitcoin up to $86,000
FA Other Indicators and reports Chart analysis Hot news
Yesterday at 10:09 AM 35
Reed_Marcus
GBPUSD buy
Period: 31.05.2026 Expectation: 1900 pips
Buying GBPUSD on low US inflation
Indicators and reports Chart analysis
Yesterday at 09:54 AM 35
Bruce_Powers
Go to forecasts