Natural Gas Pipeline
Citi reduces copper price forecast and sees 25% US tariff on imports in the second quarter
Citi Research predicted that a 25% U.S. import tariff on copper would be imposed during the second quarter this year. The brokerage lowered its price forecast for the next three months to $9,500 a metric ton from $10,000 a ton. Last month, U.S. president Donald Trump ordered a probe into possible tariffs on imports of copper to rebuild U.S. manufacturing of a critical metal for electric vehicles, military equipment, semiconductors, and a variety of consumer goods. Trump announced on Wednesday a 25% import tariff for cars and light trucks, which will take effect next week. This is a further extension...