LME Copper Prices Plunge Amid US 'Reciprocal Tariffs' Announcement During Qingming Holiday

Published: Apr 7, 2025 08:54

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During the Qingming holiday, overseas metal futures markets entered a full-scale recession trading mode due to the US announcement of imposing "reciprocal tariffs," leading to a significant drop in LME copper prices. As of April 4, LME copper closed at $8,690/mt, down 10.42% from the pre-holiday closing price on April 2. On the morning of April 7, LME copper opened lower with a gap, falling to $8,292.5/mt, a decrease of 4.57% from the closing price on April 4.

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