US copper futures hit all-time high amid US tariff fears - Breaking The News

US copper futures hit all-time high amid US tariff fears

25 March

1 min read

EPA/JENS BUETTNER

US copper futures surged to a record high Tuesday, fueled by fears of incoming tariffs under President Donald Trump's administration and supply disruptions in Chile.

Prices on New York's Comex exchange reached $5.2055 per pound, surpassing the previous May 2024 record of $5.199. The move followed news that Glencore Plc had halted shipments from its Altonorte smelter in Chile due to furnace issues.

As of 9:45 am ET, May copper futures rose 2.17%, trading at $5.2075 per pound.

copper

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