Debasis Mohapatra
Bengaluru, 15 August 2025
Copper prices have recovered over the last fortnight after a deep fall following the US government’s announcement of a tariff exemption on July 31.
On July 31, LME Copper (cash) was traded at $9,605 per tonne, which was lower by more than $200 from the previous week. Such fall was largely driven by the anticipation of 50% tariff on copper by the US administration.
However, on July 31, the Trump administration said that the 50% levy would apply only to semi-finished copper products and copper-intensive derivative products, rather than input materials such as ores, concentrates and cathodes. Since then, copper prices have recovered in the last 15 days.
Date Copper Price (Futures)- 3 Month Delivery
August 1, 2025 $9,611.97/tn
August 7, 2025 $9,655.5/tn
August 12, 2025 $9,796.93/tn
August 14, 2025 $9,714.69/tn
Recently, Hindustan Copper- India’s biggest producer of copper, has said that copper prices are likely to increase further given high demand coming from several industries including EV. “As the global economy transitions towards renewable energy and electric mobility, driven by advancements in AI and strengthened decarbonization policies, the demand for copper is projected to surge in the coming years, making it a critical enabler of sustained economic growth. The Company is in the process of implementing its mine expansion plan from the current around 4 MTPA to 12 MTPA i.e., 3 times by 2030-31,” the company has said in a statement.
