It is unclear how the US's unclear stance on copper tariffs will affect copper trade flows [SMM analysis]

jul 11, 2025, at 5:44 pm

[SMM Analysis] This week, the Trump administration suddenly announced that it would impose a 50% tariff on copper starting August 1. Upon the news, COMEX copper prices surged to a record high (the highest price for the COMEX 07 contract was $5.68/lb), with a gain exceeding 13%. Meanwhile, LME 3M copper prices fell to around $9,600/mt due to expectations of suppressed US demand, resulting in a rapid widening of the price spread between the two markets to over $2,500/mt. The policy came with great force but left many uncertainties. This article attempts to briefly analyze the impact of the tariff implementation.

ARTÍCULO ANTERIOR
hace 5 meses
Silver prices rose rapidly on Friday, and the expected catch-up rally in silver prices was realized [SMM Analysis]
SIGUIENTE ARTICULO
hace 5 meses
[Análisis de SMM sobre el coque y el carbón] La entusiasmo de compra de los clientes finales ha aumentado y el apoyo de los costes es fuerte. Los precios del coque pueden subir la próxima semana.

It is unclear how the US's unclear stance on copper tariffs will affect copper trade flows [SMM analysis]

Silver prices rose rapidly on Friday, and the expected catch-up rally in silver prices was realized [SMM Analysis]

[Análisis de SMM sobre el coque y el carbón] La entusiasmo de compra de los clientes finales ha aumentado y el apoyo de los costes es fuerte. Los precios del coque pueden subir la próxima semana.