Trump's Tariff Threat and Chilean Mine Outage Impact Copper Price Trends

【Trump's Tariff Threat Combined With Chilean Copper Mine Power Outage Jointly Influence Copper Price Trends】

Macro side, Trump introduced the latest measures that could reshape global supply chains, directing the Department of Commerce to study imposing tariffs on imported copper. The countries most affected would be Chile, Canada, and Mexico, intensifying market concerns. Additionally, weak economic data from the US and Germany heightened worries about slowing energy demand. Meanwhile, some countries indicated potential increases in oil production, pushing oil prices to a two-month low, with copper prices also declining in tandem.