Copper prices retreat as U.S. tariff decision remains pending

Key points

• Copper prices have retreated from record highs as the market awaits a decision from the White House on potential tariffs on refined copper imports.
• The London Metal Exchange (LME) has seen a decrease in copper inventories, with available stocks dropping to 107,050 tons, down from 166,775 tons a week earlier.
• The Shanghai Futures Exchange (SHFE) has experienced a decline in copper inventories, with stocks standing at around 63,000 tons, down 85% from a mid-March peak.