Copper prices surge amid supply crunch and tariff fears
pre-market1 source ↓written by the desknot a recommendation
- Metal Exchange reached
- $14,700 per tonne
- last December
- $12,000
- prices surged
- ₹720/kg
- over eight months
- ₹1,010/kg
- increase
- 40-45%
Fears of a new U.S. tax on copper imports and a supply crunch have driven copper prices up significantly. The price on the London Metal Exchange reached $14,700 per tonne, marking a steep rise from $12,000 last December. In Keralam, scrap copper prices surged from ₹720/kg to ₹1,010/kg over eight months, reflecting a 40-45% increase, the highest in five years.
Not investment advice. For informational purposes only.