Copper Prices to Fall Up to 10% in Coming Weeks, Citigroup Says

The Trump administration’s latest slew of tariffs will depress prices across commodities, according to Max Layton, global head of commodities research at Citigroup Inc.

Copper prices in particular will likely fall by an additional 8% to 10% in the coming weeks, Layton said in an interview with Bloomberg Television. The metal shed 3.4% on Thursday as sweeping tariffs on US trading partners threaten to crimp global demand and traders brace for copper-specific import levies.