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Copper glut driven by tariff threat to deflate US price bubble
U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.
2 Copper Stocks Poised to Profit After Trump Imposes 50% Tariff on Imports
Upending the Copper Market President Trump announced a 50% tariff on copper imports on July 8, aligning it with existing tariffs on steel and aluminum, as part of a strategy to bolster domestic industries and strengthen trade negotiations.
Donald Trump's mooted 50% tariff on copper imports into America has sharply exacerbated what was already a dislocation ...
An indicator of copper import demand in top consumer China jumped 38% on Wednesday, suggesting robust appetite for the metal, ...
London copper prices pared some earlier losses in volatile trading as traders digest President Trump’s announcement of a 50% U.S. import tariff. Gold futures slipped.
Copper retreated from record highs on Wednesday as industry watchers grappled with what a 50% tariff rate on imports would do ...
Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal ...
President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, ...
The global copper market split in two on Wednesday. President Donald Trump’s 50% tariff on imports of the metal sent U.S prices higher while London prices sank. In the U.S., front-month copper futures ...
Although Trump’s tariffs might cause the flow of refined copper to be redirected from the US to other regions, that doesn’t ...
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