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Commodity Roundup: Copper Prices Top $10,000 Ahead of Trump's Potential Tariffs
Is there a crazy rush before Trump's tariffs? A large amount of Copper is about to "flood" the USA ports...
According to four insiders familiar with the shipping situation, it is expected that 0.1 million to -0.15 million tons of refined Copper will arrive in the USA in the coming weeks; if they all arrive in the same month, it is expected to exceed the historical maximum import record of 136,951 tons set in January 2022.
"After the 'gold rush', the USA fiercely 'rushes for copper', causing copper prices to rise sharply, with LME copper futures exceeding 0.01 million dollars."
Under the threat of tariffs, USA importers are hoarding Copper, causing the price of COMEX copper and the premium on LME to rise to over 1,200 USD per ton, approaching the historical high set in mid-February. Analysis suggests that this premium is reshaping the Global Copper trade pattern, with Asia potentially facing supply shortages, and this chaotic situation is supporting the rise in Copper prices in the short term.
Record Copper Shipments Bound for U.S. Ahead of Likely Trump Tariffs - Bloomberg
NoDragonsPlz : go to moon?
Emredin : If there's one good thing about Trump, I'd say it would be this: His ability to disrupt markets can be a silver lining.
104088143 : How is it?
74118352 : love the mining industries
105232125 : doubtful
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