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Euronews
Euronews
Eleanor Butler

US copper prices soar after Trump threatens 50% tariff on imports

Donald Trump United States copper Howard Lutnick Jerome Powell aluminium

US copper prices spiked after US President Donald Trump said he planned to place a 50% tariff on imports of the metal on Tuesday.

Copper futures traded in New York jumped around 13% to $5.69 a pound, a record closing-price, dramatically outpacing gains on copper futures traded in London.

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