London Metal Exchange (LME) copper price reached US$10,045.5/ton yesterday, March 20. The copper price has been rising from US$9,300/ton since the beginning of March and breaking through the high of US$10,000 yesterday, setting the highest level since October last year.

According to market participants, the United States might impose a 25% tariff on copper imports by the end of 2025. As a result, more than 100,000 tons of copper may be on its way from Asia to the United States. It is expected that the copper price will remain firm till the end of 2025. With the high tariff, the US could develop its copper resources, create more joy opportunities for its domestic market, and reduce purchases from foreign countries.