May 28
Copper braces for another round of US tariff roulette
Here we go again.
➤ The US is nearing a decision on imposing tariffs on refined copper imports, a situation reminiscent of last year's market anticipation. ➤ The potential tariffs are causing a widening arbitrage between US and international copper prices, leading to increased metal shipments into the US and tightening global availability. ➤ The market is uncertain about the final decision, given the unpredictable nature of the Trump administration's trade policies, despite a strong case for tariffs based on import dependency and national security.
