Copper prices trade in a narrow range near $14,000 after rebounding earlier in the week. Bloomberg reports that copper pulls back from the highest level seen since early June as traders watch for potential announcements from the White House regarding import tariffs on the metal. Moneyweb similarly describes copper as wavering around the $14,000 level, with the price 0.4% lower at $13,825.50 per ton by 12:54 p.m. Shanghai time. That decline comes after a prior rally of 1.9% on Tuesday, which helped lift prices toward the recent peak. Both outlets tie the day-to-day moves to tariff expectations, indicating that market direction depends largely on whether U.S. policy updates change the outlook for copper imports and demand. Overall, the reporting portrays a market that has recently strengthened but is now consolidating as traders wait for clearer signals from U.S. trade policy.