Copper Prices Surge To Record High In Largest Increase Since ‘80s—Here's Why
1. Copper prices rose to a historic high due to proposed tariffs. 2. Trump suggested a 50% tariff on copper imports during a Cabinet meeting. 3. Analysts expect temporary price increase, but domestic inventory may grow. 4. More than 50% of U.S. copper is imported; mainly from Chile and Canada. 5. Copper production in the U.S. declined 3% over the past year.