Copper can reach $10 000 before tariffs bite, says Citigroup
Copper will hit $10 000 a ton in the coming three months, according to Citigroup, which said the global market will remain tight until the timeline for US import tariffs becomes clearer. The metal has climbed in recent weeks after President Donald Trump ordered a probe into copper imports, sparking a shipping rush to the US ahead of any import levies. Copper on the London Metal Exchange just reached its highest since October.
Copper will hit $10 000 a ton in the coming three months, according to Citigroup, which said the global market will remain tight until the timeline for US import tariffs becomes clearer.
The metal has climbed in recent weeks after President Donald Trump ordered a probe into copper imports, sparking a shipping rush to the US ahead of any import levies. Copper on the London Metal Exchange just reached its highest since October.
