Wed, 09 Jul 2025 08:10:04 GMT
Copper technical analysis
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