Note: This section contains information in English only.President Donald Trump announced he will impose a 50% tariff on copper imports to boost U.S. production of this critical metal, which is essential for electric vehicles, military equipment, power grids, and many everyday products. After the announcement, U.S. copper futures jumped more than 12% to a record high.
A move toward 6.3000 in copper is possible if momentum stays strong, driven by demand and the impact of new tariffs. But if unexpected changes occur, prices could drop below key moving averages. Relative Strength Index may indicate a possible near term reversal.
Wed, 09 Jul 2025 08:10:04 GMT
Source: Dukascopy Bank SA
A move toward 6.3000 in copper is possible if momentum stays strong, driven by demand and the impact of new tariffs. But if unexpected changes occur, prices could drop below key moving averages. Relative Strength Index may indicate a possible near term reversal.