Copper Price Nears $13,000 per Ton, Influenced by Tariffs and Supply Factors

Wedoany.com Report-Dec.31, Recently, the copper price on the London Metal Exchange (LME) has continued to climb, once reaching a high of $12,742 per ton, approaching the $13,000 per ton level. Although the price subsequently retreated to around $12,421, the cumulative increase for the year remains at 39%. Market analysis indicates that potential tariff adjustments, mine supply disruptions, and low inventory levels are the primary factors driving this round of copper price increases.