COMEX copper hits record
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Though U.S. copper futures are down from Tuesday’s record of $5.645 a pound, they remain up about 37% this year. In the global trading hub in London, meanwhile, copper changed hands at around $4.50 a pound on Wednesday.
U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.