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Copper under pressure from stronger US dollar
Business World Philippines
|July 10, 2025
Copper prices slipped on Tuesday as the dollar rose, worries about economic slowdown and demand growth caused by US President Donald J. ‘Trump’s tariffs resurfaced and rising inventories triggered selling.
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Benchmark copper on the London Metal Exchange (LME) was down 0.3% at $9,802 a metric ton at 1621 GMT as the dollar rose after the New York open.
The United States sent formal notices to 14 countries on Monday announcing new tariffs ranging from 25% to 40%, set to take effect on Aug. 1, postponed from July 9.
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