Copper Market in Tumult Waiting for Details of Trump’s 50% Tariff
Many traders expect the levy to cover all refined forms and key downstream products, and to be universal.
Bales of scrap copper stored in the recycling yard of the Aurubis AG metal refinery in Hamburg.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, EMEA Metals and Mining Team Leader Mark Burton discusses the state of play in copper markets as traders await details of the US tariff.
With less than two days remaining before a 50% tariff on US copper imports is set to take effect, traders and manufacturers are still in the dark about the precise scope of the monumental levy.