Copper Prices Rise on Demand Optimism After U.S. Supreme Court Tariff Ruling

Copper prices reached their highest levels in over a week, driven by optimism about demand growth following the U.S. Supreme Court's decision to strike down President Trump's emergency tariffs. This ruling is seen as favorable for China, the top metals consumer, where markets reopened after the Lunar New Year holiday. The Yangshan copper premium, indicating Chinese import demand, rose notably. However, copper inventories on major exchanges remain elevated, prompting cautious market sentiment despite positive demand signals.