- Copper steadied near historic highs as analysts weighed the outlook for tariff-driven flows to the US that have underpinned the metal's rally.
- LME benchmark prices surged to a record last month as expectations of US import duties on refined copper attracted ships loaded with metal to American shores, tightening supplies elsewhere.
- Washington has taken longer than expected to decide on the duties, and a premium on Comex futures has narrowed.
Quotes
“Washington has taken longer than expected to make a decision, and a premium on Comex futures has narrowed.”