New York copper price hits record premium over London on tariff fears

New York copper price hits record premium over London on tariff fears

Gap between Comex and LME closing prices jumps as US traders try to secure supply

The U.S. is about to receive a massive wave of copper, as the global campaign to get ahead of U.S. President Donald Trump's possible tariffs reaches its peak.It is expected that 100,000-150,000 metric tons of refined copper will arrive in the U.S. in the coming weeks, according to four people polled by Bloomberg with direct knowledge of some of the shipments.If the full volume arrives in the same month, it would exceed the historic record of 136…

Copper price loses momentum – 21-03-2025

Even as copper prices try to hold their ground above the $5.00 barrier yesterday, a host of negative factors are emerging, as the Stochastic exited overbought levels, while $5.1700 is forming as an important barrier, thus curbing gains.   The price will likely engage in sidewaya trading, while a drop below $5.00 would activate the negative correctional path towards $4.8900, however, a resumption of gain requires a breach of $5.1700.   Expect…

(BFM Bourse) - The British Stock Exchange gendarme imposed a fine of more than £9 million on the London Metal Exchange for failings that ...

Giant Mining Corp. (CSE: BFG ) OTC: BFGFF (FWB: YW5) ("Giant Mining" or the "Company) is pleased to announce that the on-site equipment has arrived to prepare the drill sites for drilling on the Majuba Hill Porphyry Copper Deposit ("Majuba Hill"), a copper, silver, and gold project in Pershing County, Nevada, next week.

Copper prices rose to just over $10,000 a tonne on Thursday, the highest level since October. The price of the widely used metal is being boosted in part by expectations that US President Donald Trump will impose import duties on copper. Traders are already stocking up on copper to ship to the United States ahead of the tariffs.