Copper prices have surged to a new nominal high, supported by robust demand linked to AI-related data centres, expansion of electricity grids, and supply challenges, according to FX Street citing the National Bank of Canada.
Additionally, the U.S. government has imposed new tariffs and import bans on selected Canadian products, marking a modest escalation in trade tensions between the two countries, as reported by FX Street referencing the Royal Bank of Canada.
For Japanese investors, the rise in copper prices and evolving U.S.-Canada trade dynamics underscore the importance of monitoring commodity supply chains and tariff developments that could impact global markets and production costs.