In the Reuters commentary “Copper braces for another round of US tariff roulette”, Andy Home writes that copper markets are bracing for renewed volatility ahead of a US decision on tariffs on refined copper imports. The widening price gap between US and global copper prices has already pulled more supply into the US, tightening global availability and increasing uncertainty.
The piece notes that traders are factoring in possible phased tariffs starting in 2027, even as the US remains dependent on imports due to limited domestic smelting capacity. It also highlights how previous tariff policy shifts have made future US trade actions difficult to predict, keeping markets cautious.
