Copper price rises as China considers trade talks with US
Copper prices climbed on Friday after China signaled it is open to exploring trade discussions with the United States.
On the COMEX, copper for July delivery rose for a second straight session, gaining 2.5% to $4.743 per pound ($10,434 per tonne).
China’s Commerce Ministry said it had taken note of US officials’ interest in talks and was evaluating the possibility of engagement. The development offered some relief to markets rattled by escalating trade tensions.
Copper has come under pressure from US President Donald Trump’s tariffs on Chinese goods, which have raised concerns about slowing economic growth and weakening demand for industrial metals. So far, Beijing has rebuffed requests for direct talks between the two leaders.
Adding to the bullish sentiment, copper stockpiles in Shanghai have dropped significantly.
On Friday, available inventories on the London Metal Exchange also declined, following a large drawdown of material stored in Taiwan.
Copper and the new resource spheres of control
apk and The Northern Miner mapped global copper production through a geopolitical lens, dividing the world into five “spheres of control”: American, Chinese, Russian, Coalition of the Willing, and Undrafted.
These groupings reflect geographic, social, cultural, and economic ties—as well as potential alignments in an increasingly polarized world.
Explore the full infographic:
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