US copper imports this year unlikely to beat 2025 record, analysts say | Metals Mine

  • US copper imports this year unlikely to beat 2025 record, analysts say

    From miningweekly.com

    Refined copper imports into the US this year are not likely to surpass the record shipments of 2025, curbed by already swelling stockpiles and a spike in logistics costs from the Iran war, analysts and traders said. Copper prices on COMEX are again trading higher than the London Metal Exchange global benchmark, triggering renewed inflows to the US as the market waits to see if US President Donald Trump will impose tariffs on imports of the metal.The US sucked in massive volumes of copper last year on bets of looming tariffs, with COMEX stocks rising to 461 833 t from less than 100 000 t in a five-fold increase. ... (full story)

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