Copper Hovers Near Record High in Commodity News 03/06/2026 Copper futures fell below $6.6 per pound on Wednesday but remained close to the record high reached in the previous session amid uncertainty over a US tariff on the metal and tightening supply elsewhere. President Donald Trump earlier this week signed a proclamation adjusting tariffs on selected metal imports, but it left unresolved the broader copper tariff issue. Meanwhile, Chile, the world’s largest copper producer, reported its weakest April output in 23 years, heightening concerns over constrained global availability. Demand prospects also remain supportive amid optimism around the expansion of artificial intelligence technologies and rapid data center buildouts. In addition, the ongoing transition toward cleaner energy systems is increasing demand from global power grid upgrades, reinforcing a generally bullish long-term outlook for the metal. Source: Trading Economics 2026-06-03 hellenicshippingnews... tweet Share