Copper prices fell in early trading due to concerns about tightening supply and tariff uncertainty, but continued to hold the $13,000 per tonne mark. Sam Crittenden of Jiahuang Capital Market said, “The balance of the market is still structurally tight, and the New York Stock Exchange's high inventory is at the expense of global exchange inventories. “The shadow of US copper tariffs is still an influencing factor in the market, because regardless of whether tariffs are implemented, we believe that America's high inventories are unlikely to be re-exported in the short term, and even if possible, not very soon. “London Metal Exchange copper fell 1.4% to $13,066.50 per tonne, after hitting a new high on Tuesday.

Copper prices fell in early trading due to concerns about tightening supply and tariff uncertainty, but continued to hold the $13,000 per tonne mark. Sam Crittenden of Jiahuang Capital Market said, “The balance of the market is still structurally tight, and the New York Stock Exchange's high inventory is at the expense of global exchange inventories. “The shadow of US copper tariffs is still an influencing factor in the market, because regardless of whether tariffs are implemented, we believe that America's high inventories are unlikely to be re-exported in the short term, and even if possible, not very soon. “London Metal Exchange copper fell 1.4% to $13,066.50 per tonne, after hitting a new high on Tuesday.