The latest news from liquidity and risk management
Stay updated with real-time coverage of global trade developments, policy changes, and market movements affecting international commerce.
Copper prices hit record high amid supply challenges and tariff concerns
- Copper prices on the London Metal Exchange reached a fresh record, with three-month futures rising 0.7% to $14,598.50 per metric ton, marking a nearly 17% increase for 2026.
- The rally is driven by expectations of sustained strong demand linked to electricity grids, AI infrastructure, data centres, electric vehicles, and the global energy transition.
- Global copper mine production declined 1.1% in the first half of 2026 due to ageing mines and operational challenges in major producing countries, including Chile, Indonesia, and the Democratic Republic of Congo.
- Supply tightening is compounded by large volumes of refined copper being sent to the U.S. amid concerns over potential new tariffs, reducing inventories elsewhere.
- The US Commerce Department is reviewing whether refined copper should face import duties following a 50% tariff on certain semi-finished copper products imposed last year.
- Analysts suggest copper prices could rise further if they remain above $14,400 per ton, though recent gains may prompt profit-taking, especially if a stronger dollar impacts commodities.
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Devanshee DaveCopper prices on the London Metal Exchange reached a fresh record, with three-month futures rising 0.7% to $14,598.50 per metric ton, marking a nearly 17% increase for 2026.
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Devanshee DaveCanada’s retaliatory tariffs on hundreds of US products worth CA$27.6 billion took effect on Tuesday, with rates ranging from 15% to 50%, including on dairy, agricultural equipment, paper, household appliances, and electronics.
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Devanshee DaveNorges Bank Investment Management has proposed reducing government bond exposure in its benchmark bond index from 70% to 50%, with US Treasuries facing the largest cut.
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How volatile financial conditions influence availability and impact trade levels: Insights from IFC-WTO joint research
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BNP Paribas and HSBC complete first live corporate treasury payment for Siemens using Swift’s ledger
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