Although Trump’s tariffs might cause the flow of refined copper to be redirected from the US to other regions, that doesn’t mean the supply is flowing to China
Shockwaves from Washington’s decision to impose a 50 per cent tariff on copper imports are still rippling across the Pacific, and China, the world’s largest consumer of the metal, is feeling the effects.
Copper futures traded in the US rallied on the tariff threat, expanding a price gap with the London and China markets, where prices fell.
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