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USA's "Copper Grab War": Has it suddenly turned into a "sprint race"?
① The style of the "Copper War" in the USA suddenly evolved into a "sprint race" this week... ② What troubles many traders is that if those cargo ships loaded with Copper arrive at the USA ports "slowly" after the implementation of Trump's tariffs, those who "calculated well" might face huge losses instead...
Highlights from the Brokerage morning meeting: The supply and demand structure of Copper is becoming more solid, driving the price center of Copper upwards.
In today's brokerage morning meeting, China Securities Co., Ltd. proposed that the supply and demand for Coal maintains a loose running state, with mandatory green certificate consumption enhancing market demand; Galaxy Securities stated that the electronic Industry is experiencing a mild recovery, focusing on the integration of AI and end Hardware; Zhongtai believes that the tight supply and demand structure for Copper is further solidified, driving the central price of Copper upwards.
Zhongtai: Global refined Copper continues to maintain a destocking state, with a tight supply and demand structure driving the Copper price center upward.
China and Thailand have adjusted the increase in Copper concentrate for 2025 to 0.334 million Metal tons, while also lowering the Global smelter operating rate by 1 percentage point, corresponding to a growth rate of only 1% in Global refined Copper production.
Hong Kong stock Concept tracking | Trump accelerates Copper tariff collection, USA rushes to transport Copper, causing Futures prices to soar (with related stocks included)
Sources indicate that Trump will accelerate the imposition of Copper tariffs, possibly within weeks.
Hong Kong stocks moved | Copper stocks opened high collectively as COMEX Copper Futures prices soared to a historical high. Institutions expect the USA to increase import tariffs on Copper before the end of the year.
Copper stocks opened higher collectively. As of the time of this report, MMG (01208) rose by 3.67% to 3.11 HKD; JIANGXI COPPER (00358) increased by 3.09% to 14.68 HKD; CMOC Group Limited (03993) was up 3.07% to 7.05 HKD; CHINFMINING (01258) climbed by 2.9% to 6.04 HKD; Zijin Mining Group (02899) saw an increase of 0.86% to 18.7 HKD.
Base Metal Prices Mixed as U.S. Tariff Fears Boost Copper -- Market Talk
