LME copper price rises significantly on concerns about US tariffs
Views : 404
Update time : 2025-03-06 16:18:23
US President Donald Trump said in his speech to Congress on March 4 that a 25% tariff might be imposed on imported copper, causing copper prices in the New York market to surge by more than 5% on the 5th, far exceeding other global benchmark prices.
Additionally, the news caused copper prices on the London Metal Exchange (LME) to rise by 2.69% to a nearly four-month high of US$9594.5/ton.
Copper prices have risen due to concerns about US tariffs, which traders expected to be higher and come sooner than expected. The surge in LME copper prices may positively impact Taiwan's First Copper Technology Co., Ltd., but it will have little impact on overall operations.
