Metal traders are still struggling to price copper because Donald Trump has not signaled whether he will impose tariffs on the metal.
That uncertainty has gripped the copper market since Trump returned to power, leaving participants to position around a policy decision with no clear timetable or scope.
Copper matters far beyond metals desks: any tariff move could reshape trade flows, distort regional pricing and ripple through manufacturers that rely on the industrial metal.
With a projected 10 million ton copper deficit, can tariffs truly secure America's supply or will they just raise consumer costs?
Courts have blocked past tariffs. Why is the market betting on new levies for a metal vital to national security?
Amid a global copper shortage, will new tariffs make green technology and AI infrastructure unaffordable for American businesses?