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Copper: Tariff Distortions Unwind, Prices Seen Lower – TD Securities - Bitcoin World
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Copper: Tariff Distortions Unwind, Prices Seen Lower – TD Securities Bitcoin World
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ING THINK
Could copper lose its tariff premium?
Current market dynamics suggest copper prices may be vulnerable as tariff premiums come under scrutiny. Per the full note from ING, expectations of US import tariffs have driven copper prices near historical highs, with a notable surge in monthly imports and declines in available inventory. However, any disappointment regarding new policy decisions could lead to sharp corrections in these prices. As traders speculate on tariffs, totals exceeded 200,000 tonnes in July, the highest monthly imports in 12 years, highlighting the volatility stemming from both quantitative flows and geopolitical considerations.