Copper edged slightly higher on Thursday after falling to a multi-week low yesterday as sentiment around the AI trade improved. The metal could continue to see favourable conditions over support from power grid investments, electrification and data center expansions, said an expert.
US President Donald Trump has decided to adjust the tariffs imposed on imports of steel, aluminium, and copper to reduce duties on derivatives made from these metals, simplify compliance procedures, and prevent manipulation of import values.
Metso has signed an agreement with Southern Peru Copper Corporation to supply Solvent Extraction and Electrowinning (SX-EW) copper refining technology for the Tia Maria project in Cocachacra, Arequipa, Peru.
Copper futures fell to their lowest level in multiple months, reflecting a combination of macro-economic pressure and demand concerns. Escalating tensions in the Middle East have driven energy prices higher, raising concerns about inflation and a potential drag on global growth, said an expert.
