Copper's Rout Sees A Massive Intraday Price Swing, 'Fundamentals Haven't Changed,' Expert Says

Copper experienced one of the most volatile trading days in over 15 years, tumbling as much as 7.7% at the start of Monday's trading session in London.

Three-month contracts slid to $8,780 a ton as investors scrambled to reduce exposure—before staging a nearly $1,000 rebound in just over two hours—marking the largest intraday price swing since 2009.

"Metals are under significant pressure from dampened sentiment as the world braces for a possible recession and heightened geopolitical tensions that would threaten demand," Sabrin Chowdhury, head of commodities at BMI, said per Bloomberg.

Copper's volatility recently surged as President Donald Trump's tariff threat hit both sides of the spectrum. The market rallied sharply in anticipation as the threat of copper being added to the list of targeted metals