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Copper glut driven by tariff threat to deflate US price bubble
U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.
Trump's mooted copper tariff widens New York–London price dislocation
Donald Trump's mooted 50% tariff on copper imports into America has sharply exacerbated what was already a dislocation between New York and London prices for the metal. The chart shows that since Trump's inauguration traders have been placing a greater premium on the COMEX contract,
London copper prices pared some earlier losses in volatile trading as traders digest President Trump’s announcement of a 50% U.S. import tariff. Gold futures slipped.
An indicator of copper import demand in top consumer China jumped 38% on Wednesday, suggesting robust appetite for the metal, ...
Benchmark copper futures fell in London after US President Donald Trump said he planned to implement a 50% tariff on imports, a move that’s likely to spark further upheaval in global metal markets.
President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, ...
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