Copper market volatility to persist amid tariff risks, says WoodMac analyst

The global copper market has resembled a rollercoaster ride in recent weeks.

After surging to a record high in late March amid concerns over US tariffs, the metal quickly plunged into bear territory as macroeconomic fears took over the narrative. Prices have since rebounded as trade tensions eased and sentiment improved in top consumer China.

The volatility in copper is likely to persist in the near term, with reciprocal tariffs posing downside risk to demand for the industrial metal...