Traders are Still Leveraging Trump’s Tariff Threats on Copper
Analysts say that the unusually high volumes of copper shipments into America is expected to continue as long as price premiums for the red metal keep transactions lucrative for suppliers and traders and the possibility of new tariffs persists. Earlier in the year, President Trump launched an inquiry into possible new tariffs on imports of copper needed for construction, power grids, and electric cars. Since then, the prices of this metal on COMEX have surged. On March 26th, the metal’s price hit $11,633 per metric ton, resulting in a premium of over $1570 per ton compared to the benchmark contract…