RSS SubscribeUS tariff pull on copper drains China’s bonded warehouses
By Andy Home – Reuters
China’s exports of refined copper surged to record levels last year as the world’s top buyer found itself in unusual competition with the U.S. for spare metal.
The CME’s U.S. copper contract continues to command a sizeable premium over the international price traded on the London Metal Exchange (LME) as the market prices in the potential for U.S. tariffs. A decision has been deferred until June this year.
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