Copper prices hit record $14,728 amid tariff concerns and supply constraints.

Key points

• U.S. imports of Congolese copper reached a record 53,290 tons in July, accounting for 23.9% of total U.S. copper imports, as American industrial consumers increasingly rely on Congolese metal.
• Domestic Metals has initiated a 9,000-meter diamond drill program at its Smart Creek copper porphyry project in Montana, aiming to confirm the geometry and grade continuity of the porphyry system.
• Copper's 5-hour chart shows a tight range, with the latest price at $6.66 and extreme trend weakness—ADX at just 10.6—indicating potential false breakouts and rapid reversals.