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How Copper Tariffs Reshape Global Market Dynamics in 2025
The implementation of a 50% tariff on imported copper has created unprecedented disruptions across global copper markets. This policy intervention, classified under Section 232 as a national security measure, triggered immediate price volatility with COMEX copper futures surging to $5.90 per pound—representing a 17% single-day gain that broke through established resistance levels. The most significant development has been the emergence of a 25% premium between COMEX futures and LME benchmark prices, effectively fracturing the normal arbitrage mechanisms that typically maintain global price alignment. This pricing ... (full story)