Benchmark copper (HG1:COM) on the London Metal Exchange recently traded +1.1% to $9,786.60/metric ton on Wednesday, extending its rally since President Trump ordered an investigation into U.S. copper imports,

U.S. net copper imports could rise by 50% to 100% in the coming months due to higher U.S. prices before the Trump administration's planned tariffs, Goldman Sachs said in a note on Tuesday.

Copper futures (HG1:COM) rose on Wednesday as inventories in the London Metal Exchange system fell, while the broader commodities market remained sensitive to tariff threats. The start of the new trading week was rather disappointing on most metal markets,