July 11, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Copper prices have followed a sawtooth pattern in recent years, but with a pronounced upward trajectory, driven by surging global demand and a paucity of new supply. Earlier this week, they flirted with record territory, about $5 per pound, roughly double the price from the end of 2019.
Then President Donald Trump stepped in and announced a 50% tariff on imported copper, most of which comes from Chile, Peru and Canada, effective August 1. The president's declaration drove prices up about 13%, the highest one-day percentage gain since the 1960s, according to Dow Jones Market Data.
(All Fields Required)
Site-wide Scheduled Maintenance for April 12, 2025, between 9 A.M. - 9 P.M. CST. During this time, all services will be unavailable periodically throughout the scheduled maintenance window.
×