Tariff risk unleashes record copper shipments bound for US

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Tariff risk unleashes record copper shipments bound for US - Economic Times

Quick Summary:

Top commodities traders are redirecting shipments from Asia to the US, driving up the copper prices domestically and causing a supply reshuffle worldwide.

That’s a 12% premium, and it creates a huge incentive for traders and producers to keep moving copper to the US before tariffs are imposed.

Between 100,000 and 150,000 metric tons of refined copper is expected to arrive in the US in the coming weeks, according to four people surveyed by Bloomberg with direct knowledge of some of the shipments.