Copper prices hit record high
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Trump ordered an earlier investigation into possible tariffs on copper imports, arguing global competitors could pose a threat to national security and economic stability.
The copper market is flashing warning signs of scarcity with spot prices on the London Metal Exchange trading well above the futures.
A spate of copper thefts amid rising metal prices overseas has sparked warnings to scrap metal dealers. “Copper and other metal thefts are a common occurrence given the value that can be gained from selling materials on,
Copper’s 13% surge yesterday propelled it decisively above a critical resistance zone that has capped gains for several years. Click to read.
The euro hit a three-week low on Monday before recovering to trade little changed on the day, while the dollar was steady against a basket of currencies, as traders largely shrugged off new tariffs ahead of key U.