Copper prices dropped by 0.2% in early Asian trading due to trade uncertainties. Learn about the impact of U.S. tariffs on industrial metals like copper, steel, and aluminum.
Industrial metals
MCX Copper Tips For Today with Target Price [14 May 2025]
MCX Copper Tips For Today: Copper prices breaking above $849 signal a bullish breakout, driven by strong market dynamics. This move suggests robust demand, likely fueled by global industrial growth, particularly in sectors like construction, electronics, and renewable energy, where copper is a key component. Supply constraints, such as disruptions in major copper-producing regions like Chile or Peru, or reduced output from mines due to labor or environmental issues, could further tighten the market, pushing prices higher. Additionally, macroeconomic factors, including a weaker U.S. dollar or increased infrastructure spending in major economies like China, may amplify this upward momentum.
Copper has continues to retreat from its nine-month high
Meanwhile, Copper has continued to retreat from its nine-month high as expectations for the ex-US tightness are retreating following reports earlier this week that US tariffs on Copper imports could be imposed within weeks, not months.
Zambia’s Mopani Copper Mines Extends Smelter Closure
Mopani Copper Mines, Zambia’s third-largest copper producer, expects its main copper smelter to remain shut until the end of February 2025, Chief Executive Charles Sakanya said.