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Bloomberg Quint

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Image Credit: Bloomberg Quint

US Copper Prices Surge To Record As Trump Calls For 50% Tariff

  • US copper prices surge to record high after Trump's announcement of 50% tariff.
  • New York copper price hits $5.5085 per pound, while London Metal Exchange drops.
  • The tariff implementation is expected to impact various industries heavily reliant on copper.
  • Market anticipates rise in copper prices due to increased demand for electric vehicles.
  • Global copper industry braces for impact of tariffs, particularly affecting Chilean imports.

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