Spurred by US President Donald Trump’s proposed new tariffs on cathode imports, copper shipments from across the globe are flooding into the United States.
But analysts warn that should a so-called Taco scenario again unfold – as in, “Trump always chickens out” – copper prices in the US would likely fall in the short term.
IHS Markit shipping data showed that more than 200,000 tonnes of copper landed in the US last month – a 12‑year high for monthly inflows. This was said to have pushed the...