FX.co ★ Copper Halts Historic Selloff

Copper futures in the United States rose to approximately $4.20 per pound on Wednesday, recovering from earlier lows of $4.05, prompted by supply concerns within the country, even as fears of a recession potentially slowing manufacturing activity persisted. This rally led to an increased premium of US-traded copper relative to the London Metal Exchange and Chinese markets, especially after recent tariff developments by President Trump which highlighted the constraints on American capacity. Copper futures have declined more than 20% since reaching a peak of $5.30 on March 26th, largely impacted by broad-based US tariffs and subsequent retaliatory measures from China, both of which have dampened manufacturing prospects in the world's largest copper-consuming nations, despite the fact that these specific tariffs do not directly affect copper and energy products.