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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
Is the USA's rush for Copper going to cause a Global "Copper shortage"? An unprecedented scene is unfolding in the Metal market.
① A well-known Copper Trade dealer, Kostas Bintas, stated that the massive influx of Copper into the USA will cause serious supply shortages in other parts of the world, especially in the main Consumer nations. ② Last week, Financial Associated Press reported that there are signs indicating that USA ports are about to be flooded with a large import of Copper, as traders are rushing to transport goods ahead of the tariffs that President Trump may implement.
The "well-known bulls" in the copper market support: inventory transfer + supply not meeting demand, copper prices can rise another 1/3 at most!
A highly regarded bullish figure in the Copper market once again predicts that copper prices will reach an all-time high.
After breaking 0.01 million dollars, how much longer can the price of Copper continue to rise.
Morgan Stanley believes that although the current supply fundamentals of Copper are solid, the rise in speculative positions and tightening term spreads may exacerbate market volatility. Additionally, any changes in tariff policies could lead to market reversals.
