Copper's Tariff Fueled Frenzy Hits a Snag The copper market has been driven by the prospect of new US import tariffs, sending prices soaring to near record levels over the past few months.
However, as the deadline for these tariffs approaches, investors are starting to wonder if this rally is running out of steam.
One reason for skepticism lies in the increasingly distorted dynamics at play in the physical market. Traders are stockpiling copper ahead of potential tariffs, which has led to a sharp decline in global supplies.