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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.
Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal ...
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