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Copper Prices Plunge Amid Tariff Fears and Housing Woes

7/12/2025

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Summary

Story summary

On July 7, LME copper prices plummeted 1.81% to $9,616 per tonne, shaken by looming 50% tariffs from the Trump administration set to take effect on August 1. As inventories swell and tariff anxieties mount, worries grow about the impact on the U.S. housing market, where copper is vital for construction.

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Story summary

On July 7, LME copper prices plummeted 1.81% to $9,616 per tonne, shaken by looming 50% tariffs from the Trump administration set to take effect on August 1. As inventories swell and tariff anxieties mount, worries grow about the impact on the U.S. housing market, where copper is vital for construction.