Market Turbulence Hits Copper Prices

The financial markets experienced significant volatility on Friday, with copper futures taking a notable hit. The catalyst behind this movement was the latest tariff announcement by United States President Donald Trump, which sent shockwaves through various sectors, including industrial commodities.

Investor Panic Amid Economic Uncertainty

The announcement has raised serious concerns about the future of the global economy, prompting investors to act out of panic. The fear of dwindling demand has been exacerbated by the prospect of retaliatory measures from countries worldwide, with China at the forefront of the opposition.

Copper Futures Take a Dive

By 7:29 am ET, copper futures for May had plummeted by 5.12%, trading at $4.5817 per pound. This sharp decline underscores the immediate impact of trade tensions on commodity markets.