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 | 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

China. Industrial Production (YoY). The value of the indicator has decreased from 5.7% to 5.2%
Yesterday at 2:01 AM
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 25.7K to 27.2K
12 September
South Africa. Mining Production. The value of the indicator has increased from 2.5% to 4.4%
11 September
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 26.2K to 25.7K
5 September
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 26K to 26.2K
29 August
Top news
United States. Retail Sales (MoM). The value of the indicator remained at the same level of 0.6%
Today at 12:30 PM
European Union. Trade Balance. The value of the indicator has increased from 8B to 12.4B
Yesterday at 9:01 AM
United States. CPI (YoY). The value of the indicator has increased from 2.7% to 2.9%
11 September
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
11 September
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
11 September
All news

Forecasts

BTCUSD buy
Period: 23.09.2025 Expectation: 3000 pips
Buying Bitcoin with $118,800 target amid consolidation
TA Other Technical analysis FA Other Indicators Fundamental analysis
Today at 10:53 AM 34
Lyra_Moonwell1
AUDUSD buy
Period: 22.09.2025 Expectation: 300 pips
AUDUSD rises to new highs within ascending channel
Chart analysis Hot news Indicators
Today at 09:16 AM 48
Tom_Kern
Tesla Inc sell
Period: 23.09.2025 Expectation: 5070 pips
Selling Tesla shares amid fundamental headwinds
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Today at 07:44 AM 49
Emily_Foster
GBPUSD buy
Period: 30.11.2025 Expectation: 370 pips
Buying GBPUSD with 1.39880 in view
TA Other FA Other
Today at 07:27 AM 19
McCarthy_Raymond
BTCUSD buy
Period: 30.11.2025 Expectation: 3700 pips
Buying Bitcoin on positive market sentiment
FA Other Chart analysis
Today at 05:27 AM 70
McCarthy_Raymond
Gold sell
Period: 22.09.2025 Expectation: 14000 pips
Gold is looming correction after powerful rally
TA Other Technical analysis FA Other Indicators Fundamental analysis
Yesterday at 09:43 AM 275
Lyra_Moonwell1
Go to forecasts