The US is reliant on around 45% of copper imports for its domestic consumption (according to data from the US Geological Survey). Chile is the country's biggest supplier at 35%, followed by Canada at 26%. The US imported around 800,000 tonnes of refined copper in 2024, while its domestic production last year totalled 850,000 tonnes.

Copper held near the highest in more than three months, fluctuating with comments from President Trump outlining his plans to impose additional tariffs and negotiate an end to the war in Ukraine.