Copper prices in 2025 face pressure from Trump, tariffs, strong dollar, and energy transition setbacks, analysts warn.

Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the end of the first quarter of this year.

Goldman Sachs stated in a client note on Monday that the copper market is currently pricing in a 50% probability of a 10% US tariff on the red metal by the end of the first quarter, according to a Reuters report.

Goldman Sachs reported Monday that the copper market is pricing in a 50% chance of a 10% U.S. tariff on the metal by the end of Q1 2025. The banks own estimate aligns with this, assigning a 50% probability of such