Copper prices in London exceed 10,000 dollars per ton

The price of copper on the London Metal Exchange has reached a five-month high, surpassing the 10,000 dollars per ton mark. This increase has occurred against a backdrop of rising demand and concerns about potential tariffs on imports in the United States.

This is reported by AgroReview

According to

Financial Times

, traders in New York are willing to pay a record premium for copper to secure supplies to the U.S. The gap between prices on the New York Comex and the London Metal Exchange has set a new record, exceeding 1,254 dollars per ton. This is due to traders attempting to import the metal ahead of possible tariff implementation.

Analysts believe that if the United States imposes a 25 percent tariff on copper imports, the price difference could rise to over 2,000 dollars per ton. Additionally, copper prices are supported by expectations of increased demand due to military and infrastructure investments in Germany, as well as economic stimulus in China.