👉 US copper prices have surged to unprecedented highs due to market anticipation of 50% tariff on imported copper goods
👉 The exemption of raw copper materials from the tariff has sent prices spiraling downwards
👉 The US price rally was linked to the wider metal market, expecting copper to be subject to punitive import tariffs
👉 The striking price gap has provoked an exodus of copper inventories from the LME markets toward US buyers
👉 US copper miners are now on the losing end, with some experiencing a 11% fall in their share price