U.S. tariff threat brings boom time for physical copper traders

News Snapshot:

While financial markets gyrate to the uncertain beat of U.S. President Donald Trump’s unpredictable tariffs, physical copper traders are reaping the rewards of the turmoil. The threat of U.S. tariffs on copper imports has opened up a once-in-a-lifetime opportunity for those in the business of shifting physical metal around the globe. The CME copper contract is now trading at a significant premium to the London Metal Exchange (LME) contract , opening up a massive import arbitrage opportunity. There is an ongoing scramble to ship physical copper to the United States to beat the tariff deadline with knock-on impacts on global...