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Newsig · Mining.com

Copper price forecasts lifted for 2026 but tariff “collapse” still on the table

Macquarie’s collapse scenario needs Washington to rule tariffs out, which it rates least likely. More likely is limbo past January 1, with 1.5 million tonnes of US copper staying exactly where it is.

Why it matters

HG=F (Copper Futures) · Why linked: Article directly discusses copper price forecasts and tariff scenarios impacting US copper flows. Market context: Macquarie's lifted 2026 copper forecast signals bullish expectations, while tariff uncertainty keeps prices volatile.

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