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Tuesday, October 20, 2026Updated 23:23 UTC

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Copper stays range bound as US tariff uncertainty, oil inflation risks weigh

Source: Economic Times · Oct 20, 2026 17:54 UTC

Entrance of the Federal Reserve Bank of Cleveland with its arched windows and statues — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious. China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains. Goldman Sachs expects copper prices to average $15,400 a ton in 2027.

Read the full story at Economic Times

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