Copper futures turned positive after mid-session rebound. 6/4/26

July Copper futures turned positive following a mid-session rebound, recovering from earlier losses after falling short of all-time highs earlier in the week. Market volatility remains driven by upcoming trade policies, including a U.S. Commerce Department report due June 30 that will determine future tariffs on refined copper. Additionally, Goldman Sachs and Citigroup raised their copper price forecasts, citing a projected 640 thousand ton supply shortfall outside the U.S. for 2026 due to mine disruptions in Indonesia and the Democratic Republic of Congo.

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