US Tariffs Pressure Copper Prices and Curb China’s Scrap Imports

Post Views: 259 Copper tariff Impact of US Tariffs on Copper Prices On April 2, 2025, US President Donald Trump announced tariffs, setting a minimum 10% tax on all foreign copper imports. This move has already caused a significant drop in copper prices. As of April 7, London Metal Exchange (LME) three-month copper prices fell to a one-year low of $8,105 per ton, from $9,721 per ton on April 2. Similarly, Shanghai Futures Exchange (SHFE) prices also saw a decline, falling from 79,890 yuan per ton to 73,640 yuan per ton. These price fluctuations indicate the substantial impact of tariffs on glob...