Copper three-month futures on the London Metal Exchange (LME) reached an all-time high on Monday, Sept. 1 – rising as much as 0.8% to $14,533 a ton, according to market data. Trading occurred on a day when U.S. markets were closed for the Labor Day holiday, with copper closing 0.7% higher at $14,513 a ton as of 4:15 p.m. local time, traders said. The rally comes amid expectations that President Donald Trump will extend import duties to refined copper, according to traders and market analysts. The move follows the administration’s April 2026 action maintaining core 50% duties on many imported…
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