Ninety One
2 articles · Feb 2026
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Copper Prices Rebound Amid US Tariff Threats and Holiday Trading
Copper prices have trimmed losses from earlier in the week, rebounding as risk assets including equities advance in thin holiday trading. According to George Cheveley, Natural Resources Portfolio Manager at Ninety One, copper is being dragged to the US due to tariff threats. Gold has also advanced above $4,900 an ounce as dip-buyers snapped up the metal.
Copper Prices Rebound Amid Global Economic Uncertainty and US Tariff Threats
Copper prices have trimmed their losses as risk assets, including equities, advanced in thin holiday trading. George Cheveley, Natural Resources Portfolio Manager at Ninety One, attributes the rebound to the metal being "dragged to the US" by tariff threats. This development comes as gold prices also rose, surpassing $4,900 an ounce.