15:45 - 9.07.2025
July 9, Fineko/abc.az. Amid news that the U.S. imposes a 50% customs duty on copper imports, futures for this metal on the New York stock exchange Comex rose by 13% and reached the highest level since 1969.
ABC.AZ reports, referring to the Financial Times, that at the end of the trading session, the price of copper rose to a new historical high of $5.69 per pound.
U.S. President Donald Trump said at a meeting of his cabinet that the introduction of a 50% duty on copper imports makes sense. Later, U.S. Commerce Secretary Howard Latnick said in an interview with CNBC that the tariff would take effect at the end of this month or in early August.
Chile is the largest supplier of copper to the U.S. This country accounts for nearly 70% of all imports in the U.S. The U.S. also imported large amounts of copper from Canada and Peru.
