For the first time in 50 years — what metal and why has risen to record prices.

Copper in the USA has skyrocketed in price after President Donald Trump promised to impose a 50% tariff on this industrial metal. This has led to a rush in the market regarding supplies.

The Financial Times reports that Trump stated the necessity of introducing a 50% tariff on copper.

More details about the new tariffs on copper

Donald Trump said:

'Now we are going to tackle copper.'

The President also emphasized that it is essential to impose the 50% tariff, warning countries in letters about the intention to introduce tariffs starting August 1, 2025.

These statements have caused excitement in the market, as copper is widely used in electronics, construction, and industrial equipment. Prices for copper have surged dramatically, immediately reflecting on global exchanges.

• On the New York Stock Exchange, copper futures rose by 13% — to $5.6 per pound, reaching record levels since 1969;
• Copper futures on the London Exchange initially declined but later partially recovered their losses.

Experts predict that copper prices in New York could exceed London prices by 25%.

Citi analysts clarified that official confirmation of the 50% tariff is expected in the coming weeks, with its introduction set to occur within 30 days thereafter.

What else is worth knowing

In Ukraine, copper scrap can be a lucrative trading item. Prices vary by region, averaging 320 UAH per kilogram. In the Vinnytsia region, buyers pay between 320 and 340 UAH per kilogram, while in Dnipropetrovsk, prices may range from 330 to 355 UAH.

Amid rising copper prices in the USA, it is noted that Ukraine also holds reserves of precious metals that are worth studying and analyzing for their impact on the global market.