Copper Hits $10,000 in Rally Fueled by Trump’s Tariff Threats– financialpost.com
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(Bloomberg) — Copper marched past its key threshold of $10,000 a ton after weeks of global trade dislocation triggered by President Donald Trump’s push for tariffs on the crucial industrial metal.
Trump last month ordered the US Commerce Department to investigate US imports of copper as a likely precursor to imposing duties. Since then, US prices have spiked and traders have scrambled to send metal to America ahead of any tariffs, in turn reducing supply in the rest of the world.
Copper on the London Metal Exchange rose as much as 0.5% to $10,040 a ton on Thursday — the highest level since October — while prices on New York’s Comex neared a record high.
