Copper prices witnessed a sharp increase of more than 5% in New York, surpassing other global benchmarks, following US President Donald Trump's announcement of a potential 25% tariff on metal imports,

Copper prices jumped by more than 5% in New York — leaping further above other global benchmarks — as US President Donald Trump suggested imports of the metal could be subject to a 25% tariff.Trump’s comments — made in a speech to Congress Tuesday — sparked a frenetic rally in Comex copper prices in Asian hours as traders reacted to the possibility that levies could be larger than expected,

JP Morgan expects the global deficit in refined copper to grow to 160,000 metric tons in 2026 and continues to forecast copper prices averaging around $11,000 per metric ton next year, the bank said in a note dated Friday.

Metals prices ended higher Monday ahead of Trump's promised 25% tariffs on imports from Canada and Mexico, which are big suppliers to the U.S. After [slumping last week](

Southern Copper Corporation (SCCO) and Freeport-McMoRan Inc. (FCX) saw their shares climb as much as 4% in premarket trading Wednesday after a Bloomberg report detailed a surge in copper prices, driven by U.

U.S. copper futures rallied nearly 5% on Wednesday, rising more than other global benchmarks, after President Trump said imports of the metal would be subject to a 25% tariff; the front-month May Comex contract (HG1:COM) currently +4.