What to know about record copper prices

Copper is used in manufacturing everything from automobiles to mobile phones. (Image: NZME)

Fri, 11 Jul 2025

By David Uberti and Ryan DezemberUS copper prices vaulted to new highs after President Donald Trump said Washington will slap imports of the metal with a 50% tax.Front-month futures contracts jumped 13% on Tuesday after Commerce Secretary Howard Lutnick said on CNBC that the new tariffs will go into effect by Aug 1. It was the largest single-day price climb in records going back to 1968, according to Dow Jones Market Data. Prices eased on Wednesday. But they were climbing again on Thursday following Trump’s social-media post lat...

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