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Temporary US-China trade truce, weaker dollar drive copper to six-week high
Business World Philippines
|May 15, 2025
COPPER PRICES rose on Tuesday after the United States said it would cut some tariffs on imports from China, where inventories have dropped significantly.
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Benchmark copper on the London Metal Exchange was up 0.8% at $9,594.50 a metric ton by 1550 GMT after hitting $9,614 for its highest since April 3.
The United States said on Monday it would cut the “de minimis” tariff on low-value items imported from China, further de-escalating a trade war between the world’s two largest economies.
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