- About 200,000 metric tons of copper arrived in the US in July, the largest monthly inflow in IHS Markit shipping data going back to 2014.
- The shipments reflect trader positioning ahead of a US decision on tariffs on refined copper imports.
- About 110,860 tons of copper are held at US ports outside the London Metal Exchange warrant system.
Quotes
“Copper is pouring into the US at the fastest rate in at least 12 years as traders position ahead of President Donald Trump’s decision on tariffs on refined imports.”