surged due to tariff concerns.

May copper futures on the US Comex exchange rose 4.9%.

The most actively traded May copper futures contract on the US Comex exchange rose 4.9% to $4.781 per pound, its highest price since February 14.

US futures outperformed three-month copper on the London Metal Exchange, rising 2.2% to $9,549 per ton in open trading after hitting $9,564, its highest price since February 21.

Ole Hansen, head of commodity strategy at Saxo Bank, said: "The New York futures market is now completely decoupled from the global market."

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down from a five-month high

Copper prices fell to $13,980.50 per ton on June 3rd after hitting a two-week high due to profit-taking pressure.After surpassing the $14,000/ton mark, copper prices on the LME reversed course and fell as investors took profits. Uncertainty regarding tariffs in the US remains a key supporting factor.

World copper prices fell to $13,980.50 per ton due to profit-taking pressure at a two-week high.Global copper prices adjusted downwards by 0.43% to $13,980.50 per ton after hitting a two-week high. The market was pressured by profit-taking and volatility stemming from US tariff policies.

The Comex premium against the LME was last at $1,005/tonne compared to $737 the day before. Prices peaked at $1,153 on February 13th.

US President Donald Trump's new 25% tariffs on most imports from Mexico and Canada took effect on Tuesday, along with a doubling of tariffs on Chinese goods to 20%. On March 12th, Trump's 25% import tariffs on aluminum and steel are expected to take effect.

In February, Trump also ordered an investigation into copper import tariffs. Although such investigations typically take several months, the market has been trying to guess the final tariff figures.

The LME copper contract is on track for its biggest daily gain in four months, also because China, the world's top metal consumer, has unlocked further fiscal stimulus measures and German political parties have proposed establishing a €500 billion ($529 billion) infrastructure fund.

The US dollar continues to support metals used in the electrical and construction industries, having fallen against other currencies, and daily LME data shows that copper inventories at LME-registered warehouses continue to decline.

United States - Vietnam: Don't miss

Strengthening the friendship between Vietnam and the United States.On July 3rd, as part of the Pacific Partnership - Friends of the Pacific 2026 program, the U.S. Army Pacific delegation, led by Lieutenant General Joel Vowell, Deputy Commander of the U.S. Army Pacific, paid a courtesy visit to the Quang Tri Provincial Military Command.

The U.S. Army Pacific delegation visits the Quang Tri Provincial Military Command.2026 marks the first time the Pacific Partnership-Friends of the Pacific program will be jointly organized in Quang Tri, creating a large-scale cooperation framework with 25 activities.

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

LME-ordered copper inventories fell to 148,300 tonnes, the lowest level since June 14, following net cancellations of 10,275 tonnes in Asia. Current inventories have decreased by 43% in the past two weeks.

Meanwhile, LME aluminum rose 0.9% to $2,640 a ton in official trading, zinc increased 1.6% to $2,856, tin gained 0.8% to $31,825, lead advanced 0.1% to $2,012, and nickel declined 0.2% to $15,950.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-6-3-tang-manh-do-lo-ngai-thue-quan.html