Copper has been hitting new highs lately. The rally isn't random—it's fueled by real supply constraints and uncertainty around potential US trade policies. When you've got limited supply meeting strong industrial demand, prices move fast. The tariff angle adds another layer of complexity. If the US imposes significant tariffs, it could reshape trade flows and manufacturing decisions globally, which inevitably ripples through commodity markets. For investors tracking macro trends and asset correlations, copper's trajectory is worth monitoring. It often signals shifts in growth expectations, inflation concerns, and industrial activity. Understanding what's driving commodity prices can give you better context for broader market positioning.