Copper (HG=F) prices surged to a record high in New York on the heels of a Bloomberg report that Trump may be just weeks away from implementing tariffs on the industrial metal.
Futures on the Comex touched an all-time high of $5.374 a pound earlier on Wednesday, and were last trading at around $5.261.
Traders have been trying to front-run potential US duties on copper imports, causing a huge wave of demand that has spurred a roaring rally for the metal.
Bloomberg reports:
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