Copper futures rebound to positive territory

July Copper futures experienced a mid-session rebound, recovering from earlier losses and turning positive. The market had previously seen copper futures fall short of all-time highs earlier in the week. Volatility in the copper market is currently being driven by anticipated trade policies, notably a report from the U.S. Commerce Department scheduled for release on June 30, which will determine future tariffs on refined copper. In addition to policy uncertainty, financial institutions Goldman Sachs and Citigroup have revised their copper price forecasts upwards. They attribute this revision to an anticipated supply shortfall of 640,000 tons outside the U.S. in 2026, stemming from disruptions at mines located in Indonesia and the Democratic Republic of Congo.