Back to today’s briefing

Story perspectives

U.S. Commerce Recommends 15% Copper Tariff in 2027

8/15/2026

42 5 Full Breakdown

Summary

Story summary

The U.S. Commerce Department recommended a tariff on refined copper of 15% from Jan. 1 2027 and 30% from Jan. 1 2028.
COMEX copper futures reached a record near $6.90 per pound last week.
The COMEX-LME premium indicates a 14.6% chance of 15% tariff in Jan. 2027 and a 37% chance of 30% duty in Jan. 2028.
Societe Generale analysts say tight mine supply, U.S.–China competition and tariff uncertainty keep prices high and may raise volatility.

1 of 1

Story summary

The U.S. Commerce Department recommended a tariff on refined copper of 15% from Jan. 1 2027 and 30% from Jan. 1 2028.
COMEX copper futures reached a record near $6.90 per pound last week.
The COMEX-LME premium indicates a 14.6% chance of 15% tariff in Jan. 2027 and a 37% chance of 30% duty in Jan. 2028.
Societe Generale analysts say tight mine supply, U.S.–China competition and tariff uncertainty keep prices high and may raise volatility.