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Traders rushed to stockpile copper before Trump's tariffs. Now they're stuck with a lot of it.
Copper traders were caught flat-footed after refined copper was exempted from Trump's new tariffs. The exemption triggered a 20% drop in copper futures on the COMEX exchange. Traders now face excess inventory, with COMEX stockpiles at a 21-year high.
Trump's tariff surprise triggers implosion of copper markets
The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation. United States President Donald Trump went ahead with 50 per cent tariffs on copper imports,
Copper (HG1:COM) futures extended their decline on Thursday, easing across major exchanges after President Donald Trump ...
Copper futures tumbled after the Trump administration imposed tariffs on copper imports but carved out an exemption for ...
U.S. copper futures ended Thursday down more than 22%, by far their [largest single-day drop on record]( ...
Copper futures on the MCX dropped 4% after the US announced a 50% tariff on semi-finished copper imports. The move impacts ...
The U.S. is expected to implement a 50% tariff on copper imports at the end of the week, but what happens next is anyone’s ...
The president unveiled a 50% tariff on copper products, but not on the raw material itself.
Global stock markets have largely shrugged off President Donald Trump’s renewed tariff campaign. In commodities markets, however, tariff threats have sent the price of copper soaring to all-time highs ...
Commodity prices saw sharp volatility last week as copper fell nearly 2 per cent and gold rose over 1 per cent, following US ...
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