Copper Shatters Records Following 2025’s Massive 40% Surge

While refined Copper was initially exempted from levies last year—temporarily halting shipments—the announcement that tariffs could be revisited prompted a renewed rush to redirect material toward the US. As a result, domestic prices once again began trading at a premium, incentivising inflows. US Copper imports surged in December to their highest level since July according to Bloomberg, reflecting this renewed arbitrage.The prospect of U.S. tariffs on refined Copper seems to continue to distort global mark ...