Copper Futures Cool After Tariff-Driven Surge

Copper Futures Cool After Tariff-Driven Surge

From traderslog.com

Copper futures pulled back modestly from record highs after the sharp rally triggered by looming U.S. import tariffs. Prices surged sharply following President Trump’s announcement on July 9 of a 50% copper import tariff, set to take effect August 1. The initial spike saw copper prices soar to unprecedented levels, driven by fears of supply disruption and a scramble to front-load shipments. This buying spree drained inventories on the London Metal Exchange (LME) and in Shanghai, while premiums for U.S.-delivered copper spiked. Now, with the import window closing and physical deliveries peaking, prices have begun ... (full story)

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