Company
Macquarie Group
Covered in 2 MetalsCost.com News Intelligence articles, most recently on October 21, 2026.
Coverage
Copper
Copper's Record Run Owes More to US Tariff Policy Than to AI Demand, LME Week Panel Says
Analysts from Macquarie, JPMorgan and Mercuria told an LME Week panel in London that copper's price near $14,500 a tonne reflects US tariff policy and tight supply, not booming demand. One called AI's boost to copper demand "overhyped".
Copper
Copper Traders Grow Wary as Trump's Tariffs Fail to Appear
Copper's record rally rested on traders shipping metal to the US ahead of possible tariffs, and that trade is unwinding. Macquarie says prices could crash toward $10,000 a ton without tariffs, or jump to $18,000 if they arrive.
