Skip to main content
BTC / USDT——ETH / USDT——SOL / USDT——BNB / USDT——XRP / USDT——DOGE / USDT——TON / USDT——AVAX / USDT——LINK / USDT——ADA / USDT——TRX / USDT——DOT / USDT——BTC / USDT——ETH / USDT——SOL / USDT——BNB / USDT——XRP / USDT——DOGE / USDT——TON / USDT——AVAX / USDT——LINK / USDT——ADA / USDT——TRX / USDT——DOT / USDT——
Pricing
macroAug 18, 2026, 1:15 PM

Copper Seen Lower as Tariff Distortions Unwind, TD Securities Says

TD Securities sees copper prices moving lower once tariff-related distortions fade, arguing the recent rally is driven by speculation and supply headlines rather than genuine demand.

HG

TD Securities takes a cautious view on copper's recent strength. Its analysts attribute the move largely to speculative positioning, tariff-related arbitrage flows and supply disruption headlines, rather than a broad improvement in underlying global demand.

As those tariff distortions unwind, the bank expects prices to move lower. The call frames current strength as technical and event-driven rather than a signal of tightening physical fundamentals.

Source: FXStreet Forex News