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Commodity traders poised for $300m copper windfall
Four major commodity trading houses stand to earn extraordinary profits exceeding $300m after positioning themselves ahead of Donald Trump’s copper tariff announcement, capitalising on one of the most lucrative metals arbitrage opportunities in decades. Trafigura, Mercuria, Glencore and IXM have accumulated approximately 600,000 tons of surplus copper in the United States since November’s election, anticipating the trade barriers that materialised this week when Trump declared 50% tariffs on copper imports from August 1, according to a report by the Financial Times. The tariff announcement last week triggered an ... (full story)
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- Jul 13, 2025 9:14pm Posted byFundamental Analysis301
