Why is the Copper Price Fluctuating?

Copper Price Three-Week High in January, 2025

Copper prices have been climbing in 2025, hitting a three-week peak due to strong demand in China, fueled by ongoing stimulus efforts from Beijing.

Global Slowdown & Tariffs Weigh on Copper

Copper prices have been under pressure due to sluggish global manufacturing activity and concerns over potential U.S. tariffs that could reduce demand.

Trump Victory Triggers Sharp Copper Decline

Copper prices dropped sharply on Wednesday after Donald Trump regained the White House, with a rising dollar pressuring commodities. The red metal saw its biggest decline since May as Trump’s win impacted global markets and strengthened the dollar.

Future Copper Price trends

The global transition to renewable energy, electric vehicles, and the rapidly expanding AI sector has collectively strengthened the demand outlook for copper. However, underinvestment in copper mining could continue to be a challenge for years.