Neutral
Copper prices ease after hitting record highs amid tariff uncertainty.
In the past 24 hours, copper prices have experienced a slight decline following a record high, as traders react to ongoing tariff uncertainties and profit-taking. The market remains sensitive to potential U.S. import tariffs on refined copper, which have been a significant driver of recent price volatility.
Key points
- Copper prices reached a record high of $14,875 per metric ton on September 10, 2026, before easing slightly due to profit-taking.
- The U.S. administration is reportedly reconsidering the proposed 15% tariff on refined copper imports, leading to market uncertainty.
- COMEX copper inventories have risen to record levels, indicating increased imports ahead of potential tariffs.
- Analysts caution that any delay or cancellation of the proposed tariffs could lead to a sharp correction in copper prices.
Sources
- Copper slips on profit-taking after scaling fresh record highBusiness Recorder · September 10, 2026
- US copper price premium sinks on report that tariff plan stallsFinancial News · September 10, 2026
- Analysis-US tariff threat upends copper surplus as prices test all-time peakInvesting.com · August 25, 2026
- Copper: Record highs driven by tariff uncertainty – INGBitget News · September 9, 2026
AI-generated from public news sources. Not financial advice.
