How a niche copper trade became a real-time gauge of Trump’s next tariff move
4 Articles
4 Articles
Copper arbitrage has become a real-time indicator as the US awaits its Section 232 tariff decision. The Comex-LME spread reflects the probability of new tariffs; a 15% tariff probability is calculated at 14.6%, and a 30% probability at 37%. A niche copper arbitrage has become a real-time indicator as the US decides on new tariffs on copper imports. The spread between Comex copper futures and the London Metal Exchange (LME), a mechanism that has …
CNBC: This copper bet has became a real-time gauge of Trump’s next trade war salvo
CNBC writes: One specialist arbitrage trade on a metal commodity is evolving into a real-time gauge of U.S. tariff risk. Copper — seen as a broader economic barometer, with the industrial metal a key component in construction, electronics and transportation — has been on a tear for more than a year, with futures reaching a record high of almost $6.90 per pound last week. The spread between U.S. COMEX futures and London Metal ... The post CNBC: T…
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