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Commodity firms poised for $300mn windfall from US copper tariff trade
Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies
Mining firms power UK stocks to record high after 50% U.S. copper tariff confirmed
London-listed miners popped Thursday with the coppor market in turmoil, as investors digested better economic news from China.
London Copper Prices Pare Losses in Volatile Trade
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.
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Why is the copper price rising?
Fears of an upcoming 50% copper tariff have caused a spike in copper prices in the US, though the red metal’s price is falling elsewhere
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.
Why Copper Now Costs a Lot More in the U.S. Than the Rest of the World
President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, lifting the premium to roughly one quarter. Copper futures mainly trad
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