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Story summary
- Copper prices fell from a record above $14,000 per ton to about $13,800.
- U.S. President Donald Trump imposed a 50% tariff on semi-finished copper products, prompting stockpiling in the United States.
- Goldman Sachs analysts warn of a potential correction in the second quarter of 2026 if a copper tariff is enacted.
- Interactive Brokers' José Torres says the recent price surge was driven by speculation rather than solid demand fundamentals.
