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Euronews
Euronews
Tina Teng

Copper prices near an all-time high amid Trump’s tariff threats, China’s stimulus

copper United States China Donald Trump US Dollar European Union

Copper is one of the best market performers this year, up 27% amid Trump’s tariff concerns and China’s further stimulus measures mapped out last week. Copper futures prices at COMEX rose to as much as $5.15 per pound last Thursday, nearing a record high seen in May 2024. The base metal’s price retreated slightly to $5.12 per pound during Monday’s Asian session.

The industrial metal has become increasingly crucial, with demands surging for electrification in batteries-powered vehicles, artificial intelligence (AI) boom, and the world’s transition to renewable energy.

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