U.S. Considers 25 Percent Tariff on Copper Imports

The Copper Monthly Metals Index (MMI) held sideways, although the upside bias continued to accelerate. Supported by a rise among most of its components, the index increased 2.8% from January to February. 25% Tariff Threat Boosts Comex Copper Price Comex copper prices remained decidedly bullish, jumping even higher on the suggestion that a 25% copper tariff is on the horizon. In an address to Congress, U.S. President Trump stated, “I have also imposed a 25% tariff on foreign aluminum, copper and steel. Tariffs are about making America rich…