Copper price forecasts lifted for 2026 but tariff “collapse” still on the table
Macquarie’s collapse scenario needs Washington to rule tariffs out, which it rates least likely. More likely is limbo past January 1, with 1.5 million tonnes of US copper staying exactly where it is.
Copper pulled back from a three-week high on Wednesday after US inflation data put a Federal Reserve rate hike this month back on the table, and word of a preliminary deal to avert a strike at BHP’s Escondida, the world’s largest copper mine, took so... [10488 chars]
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- Business
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- Economy & RBI
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- Mining.com
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- Wednesday, 14 October 2026, 10:01 pm IST
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- One outlet so far
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