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Copper Holds Drop as Traders Gauge Risks From US Tariff Policy

Bloomberg Markets Tuesday 20 October 2026, 03:05 UTC By Bloomberg News 1 min read
Key Points

Commodities Copper Holds Drop as Traders Gauge Risks From US Tariff Policy Copper held a modest drop, as traders weighed the risk that a US tariff on imports of refined metal may not be adopted. Benchmark three-month futures traded near $14,340 a ton in London, after dropping 0.5% on Monday. While the prospect of a US levy has drawn vast amounts of copper into US warehouses this year — tightening conditions elsewhere — as President Donald Trump nears the halfway mark on his second term, some...

Commodities Copper Holds Drop as Traders Gauge Risks From US Tariff Policy Copper held a modest drop, as traders weighed the risk that a US tariff on imports of refined metal may not be adopted. Benchmark three-month futures traded near $14,340 a ton in London, after dropping 0.5% on Monday. While the prospect of a US levy has drawn vast amounts of copper into US warehouses this year — tightening conditions elsewhere — as President Donald Trump nears the halfway mark on his second term, some bulls are growing wary that he may not follow through.
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