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US government has stalled the decision to levy the proposed import tariffs on refined copper

ICICIdirect Research 11 Sep 2026 DISCLAIMER

News: As per media sources, the US government has stalled the decision to levy the proposed import tariffs on refined copper. This comes as the officials weigh the rise on cost of living against the incentives to boost domestic mining.

View: Import tariffs, if implemented, could increase input costs for power grids, critical components and consumer durables manufacturing in the US. Meanwhile, heavy stockpiling ahead of the duty announcement has tightened near-term copper availability and contributed to the recent surge in copper prices, which touched an all-time high. However, structural demand from power-grid expansion, EVs, renewable energy and data centres remains supportive for copper prices over the medium to long term. We remain cautious in the near term and watchful for further clarity on the proposed tariffs and their impact on global copper trade flows.

Impact: Neutral

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