Copper edged toward the $13,000 per metric ton mark on Tuesday as the U.S. dollar slipped following President Donald Trump’s warning that his administration could levy tariffs on imports from Greenland. Traders linked the currency dip to the geopolitical risk, pushing the base metal higher in the coming weeks.

At the same time, China reported that its quarterly economic growth met the government’s 5% target, reassuring investors about demand for industrial metals. The data lifted sentiment on commodities, reinforcing copper’s rally and offsetting concerns that a trade dispute could dampen global consumption throughout the year as manufacturers ramp up output.

Analysts expect the dollar to remain volatile while policymakers watch the Greenland tariff debate unfold. If Washington proceeds, copper could test the $13,000 ceiling again, but a sustained Chinese growth beat may keep buying pressure alive. Market participants will monitor upcoming U.S. trade talks and China’s next production figures for clues.