Copper ($COPPER) Commodity Forecast: Up 5.1% Today

What is Copper?

Copper is a widely used industrial metal that is heavily influenced by global economic conditions and trade policies. Today, copper experienced a strong bullish movement in the market.

Why is Copper going up?

COPPER commodity is up 5.1% on Apr 10, 2025 12:17

• Copper futures surged by 8.5% to $4.4 per pound after hitting three-month lows, as a recent decision to pause reciprocal tariffs for 90 days eased concerns over global growth and manufacturing demand.
• The rally in copper prices was driven by improved investor sentiment following changes in trade policy, which lowered tariffs on imports and alleviated fears of trade barriers impacting economic activity.
• Despite the positive momentum, uncertainty remains as the trade war between two countries continues, with the possibility of targeted tariffs on copper still looming in the near future.
• The fluctuating copper prices reflect the ongoing volatility in the commodity market, influenced by geopolitical tensions and trade negotiations that impact supply chains and demand dynamics.

COPPER Price Chart

COPPER Technical Analysis

COPPER News

Copper is down by 2.02%

Copper decreased 2.02% to 4.3004 USD/Lbs

Copper Holds Most of Rebound

Copper futures in the US held above the $4.3 per pound mark on Thursday, retaining most of its rebound since hitting three-month lows two sessions prior after US President Trump paused his reciprocal tariff package for 90 days. The reciprocal tariff package had initially excluded copper, but brought levies on non-retaliating countries to 10% and eased recession fears in the world's largest economy, improving broad expectations of manufacturing demand. Still, copper futures are over 20% down from their record high of $5.3 touched on March 26th as Trump signaled he will still deliver tariffs specifically targeted at copper in upcoming weeks. The threat widened the premium of copper futures in the US against comparable contracts in the LME due to the stress that trade barriers would place on limited US copper smelting capacity. Also, the trade war with China was escalated to higher tariffs from both parties, pressuring the steady flow of copper scrap from the US to China.

Copper Climbs Higher on Risk-On Sentiment

Copper futures rose above $4.40 per pound on Thursday, building on gains from the previous session as investor sentiment improved following a shift in U.S. trade policy. The rally came after President Donald Trump reversed course on his reciprocal tariff package, lowering tariffs on imports from most U.S. trade partners to 10% for a 90-day negotiation window. The move eased concerns over trade barriers that had threatened to weigh on global growth and manufacturing demand. Copper, a key barometer of economic activity, had recently come under pressure amid fears that escalating trade tensions could push the global economy toward recession. While the policy reversal offered some relief, uncertainty lingers—top consumer China remains subject to a steep 125% tariff amid continued tit-for-tat measures between Washington and Beijing. It also remains unclear whether U.S. tariffs will directly target copper or related products.

Copper Soars 8% after Historic Selloff

Copper futures in the US surged 8.5% to $4.4 per pound on Wednesday after testing three-month lows of $4.05 earlier in the session, receiving some respite after US President Trump paused his reciprocal tariff package for 90 days. The reciprocal tariffs had initially excluded copper, but the move stoked hopes that countries could achieve deals with the US over the period to remove sharper trade barriers that would pressure global growth and manufacturing demand. Still, copper futures are nearly 20% down from their record high of $5.3 touched on March 26th as the US signaled to still deliver tariffs specifically targeted at copper in upcoming weeks. The threat widened the premium of copper futures in the US against comparable contracts in the LME due to the stress that trade barriers would place on limited US copper smelting capacity.

Copper Halts Historic Selloff

Copper futures in the US bounced toward $4.2 per pound on Wednesday after testing three-month lows of $4.05 earlier in the session, receiving some respite as supply concerns stateside countered mounting concerns that a recession will halt manufacturing activity. The bounce widened the premium for copper in US exchanges to comparable contracts at the LME, shortly after their quick narrowing from the advance of tariffs on copper by US President Trump, as the policy stresses limited American capacity. Copper futures slumped over 20% from their record high of $5.3 touched on March 26th after the aggressive, sweeping, tariffs imposed by US President Trump and retaliation from China pressured the manufacturing outlook in both top copper consuming countries, even though the specific measures exclude copper and energy.

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Copper Price History

08.03.2025 - COPPER Commodity was down 5.2%

• Copper prices experienced a bearish movement, hitting a four-month low, amidst concerns over the escalating trade war between the US and China.
• The market sentiment fluctuated as President Trump's trade policies created uncertainty, with fears of a global recession impacting copper prices.
• Trump's threats of additional tariffs on Chinese imports and China's retaliatory measures contributed to the downward pressure on copper futures.
• Despite hopes of easing tensions and potential trade talks, the volatility in the market is expected to persist, reflecting the sensitivity of copper prices to geopolitical developments.

09.03.2025 - COPPER Commodity was up 5.1%

• Copper prices bounced back above $4.20 per pound, signaling a technical rebound after recent losses, driven by fears of a tariff-induced global recession.
• Investor sentiment improved as US President Trump hinted at engaging in trade talks with key partners, raising hopes for a de-escalation in global trade tensions.
• The market movement was influenced by ongoing concerns about an escalating trade war, with copper prices being particularly sensitive to developments in US-China trade relations.
• Despite the volatility, copper prices were supported by the exclusion of the metal from new US tariffs, providing some relief to market participants and contributing to the bullish movement.

09.03.2025 - COPPER Commodity was up 8.7%

• Copper price surged by 8% to $4.4 per pound.
• The market movement was primarily driven by the decision to pause reciprocal tariffs for 90 days, easing concerns about trade barriers impacting global growth and manufacturing demand.
• Despite the recent rally, copper futures are still down nearly 20% from their record high due to ongoing trade tensions and uncertainties surrounding future tariffs.
• The premium of copper futures in the US widened against comparable contracts in the LME, reflecting concerns about limited US smelting capacity and the potential impact of trade barriers on the industry.

04.03.2025 - COPPER Commodity was down 6.8%

• Amid escalating trade tensions between the US and its major trading partners, particularly China, copper futures experienced a significant bearish movement.
• The market reacted negatively to fears of a global recession triggered by the imposition of tariffs by US President Donald Trump and subsequent retaliatory actions from key economies.
• Despite initial speculations of copper-specific tariffs, the metal faced pressure as Trump's new tariffs excluded copper, resulting in price declines.
• The uncertainty surrounding potential US tariffs on copper imports and broader risk-off sentiment in the markets contributed to a sharp decline in copper prices, erasing earlier gains.

04.03.2025 - COPPER Commodity was down 5.1%

• Copper prices plummeted to a three-week low of around $4.75 per pound due to escalating global recession fears fueled by trade policies.
• The clarification that certain minerals, including copper and gold, were exempt from new tariffs initially boosted copper futures, but trade tensions continued to impact the metal.
• Investors are closely watching the potential effects of upcoming U.S. tariffs on copper imports, with suggestions of a quicker implementation timeline adding to market uncertainty.
• The bearish trend in copper prices reflects the market's response to trade and geopolitical factors, underscoring the importance of monitoring policy announcements for industrial commodities.

07.03.2025 - COPPER Commodity was up 5.5%

• Copper prices experienced a strong bullish movement today despite recent bearish trends.
• The market movement can be attributed to the confirmation that Trump's new tariffs do not apply to copper, gold, energy, and certain minerals unavailable in the U.S., easing concerns about potential tariffs on copper.
• The ongoing trade tensions between the U.S. and its major trading partners, particularly China, have created volatility in copper prices, with fears of a global recession impacting market sentiment.
• Investors are closely monitoring developments in the trade war and potential tariffs on copper, which could continue to influence the future direction of copper prices.

03.03.2025 - COPPER Commodity was down 5.8%

• Copper prices fell to a three-week low as US President Donald Trump's announcement of reciprocal tariffs on major economies, including China, the EU, Japan, and India, raised concerns about a potential global trade war.
• The uncertainty surrounding the imposition of US tariffs on copper imports within weeks led to profit-taking by traders, causing a sharp retreat from record highs earlier in the week.
• Reports of increased US copper imports ahead of the potential tariffs have tightened supply in key markets, prompting US companies to explore alternative sources from South America to offset the anticipated impact.

05.02.2025 - COPPER Commodity was up 5.0%

• Copper futures reached a 9-month peak surpassing $4.76 per pound due to recent statements by US President Trump regarding potential tariffs on copper imports to promote domestic production and reduce reliance on imports.
• Concerns about US tariffs on copper imports have driven up copper prices, given the country's significant import reliance and limited domestic smelting capabilities.
• Uncertainties surrounding tariffs, global trade tensions, and excessive Chinese copper production capacity have led to fluctuations in copper prices throughout the week.
• Market participants are monitoring Trump's tariff decisions and their implications on copper supplies, while also evaluating the broader impacts on global trade patterns and metal demand.

05.02.2025 - COPPER Commodity was up 5.0%

• The bullish movement in copper prices today can be attributed to ongoing concerns about potential tariffs on copper imports to the US, which may tighten US copper supplies and increase reliance on domestic production.
• Recent tariff threats against copper imports are aimed at challenging China's dominant position in the global copper market, impacting overall market sentiment and contributing to price increases.
• Uncertainty surrounding tariffs and the risk of a global trade conflict due to rising tensions with major trading partners have prompted investors to hedge against possible supply chain disruptions, resulting in the upward movement of copper prices.

25.01.2025 - COPPER Commodity was up 2.6%

• Despite initial concerns over ample supply and surplus in the global copper market, prices stabilized and even saw a bullish movement recently.
• The decision to exclude copper from tariff threats, along with positive trade talks between two major economies, likely boosted market sentiment and supported the outlook for copper demand.
• Ongoing restrictions on copper smelting in China due to overcapacity may have also contributed to the bullish movement, as it could potentially lead to a tighter supply in the future.
• Overall, the combination of geopolitical developments, trade negotiations, and supply-side factors seem to have played a role in driving the bullish movement in copper prices recently.

10.03.2025 - COPPER Commodity was up 5.1%

• Copper futures surged by 8.5% to $4.4 per pound after hitting three-month lows, as a recent decision to pause reciprocal tariffs for 90 days eased concerns over global growth and manufacturing demand.
• The rally in copper prices was driven by improved investor sentiment following changes in trade policy, which lowered tariffs on imports and alleviated fears of trade barriers impacting economic activity.
• Despite the positive momentum, uncertainty remains as the trade war between two countries continues, with the possibility of targeted tariffs on copper still looming in the near future.
• The fluctuating copper prices reflect the ongoing volatility in the commodity market, influenced by geopolitical tensions and trade negotiations that impact supply chains and demand dynamics.

10.03.2025 - COPPER Commodity was up 6.5%

• Copper futures surged above $4.40 per pound as investor sentiment improved following a decision to lower tariffs on imports, easing concerns over global growth and manufacturing demand.
• The bullish movement was further fueled by hopes of countries reaching deals to remove trade barriers with a certain country, despite lingering uncertainty over potential tariffs targeting copper directly.
• Despite recent declines and fears of a global recession triggered by an escalating trade war, copper prices received a boost from supply concerns and relief that the metal was excluded from new tariffs, contributing to the bullish market movement.
• The market's positive reaction to the shift in trade policy and the temporary pause on reciprocal tariffs underscored the sensitivity of copper prices to trade developments and economic outlook, highlighting the metal's role as a key indicator of economic activity.