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Red Cloud Securities strategist Ken Hoffman outlined multiple factors supporting higher copper prices this year in an interview with Bloomberg. The main one is growing demand for the metal, which plays a crucial role in the energy transition and the development of modern technologies.

According to Reuters, Japan’s annual wholesale inflation slowed again in June, marking the third straight month of decline. The figures support the central bank’s view that price pressures will continue to dissipate gradually.

President Donald Trump's impending 50% tariff on US copper imports has dramatically cooled a previously heated speculative rally in the metal markets.

According to data from the Coinwy portal, Bitcoin and Ethereum led the recovery of the cryptocurrency market in July 2025. The growth occurred following major network upgrades and increased interest from institutional investors.

President Donald Trump’s focus on the US trade deficit and his comments about the deliberate weakening of the yen have fueled speculation that Japan could be pressured to adjust its currency's value. However, the country is unlikely to face such pressure.

China’s copper demand indicator surged by 38% on Wednesday. The reason behind this shift was the announcement of 50% tariffs on the metal by US President Donald Trump. As a result, commodity prices dropped on the London Metal Exchange (LME), according to a report by Reuters.

Despite easing tensions after the US paused planned import tariffs, financial markets remain in a high-risk zone, according to the Bank of England’s half-yearly report.

According to Reuters, Canada is expanding trade with the EU and Asia to reduce dependence on the United States market. In May, the US share in Canadian exports fell 10% year-on-year, accounting for 68% of total exports.

An increase of the indicator value may contribute to the fall in quotes of Heating Oil.

A decrease of the indicator value may contribute to the rise in quotes of Gasoline.