Copper Profits in London after Trump tariffs exclude refined metal | Einsmark news

Buyer rose in London – after a New York collapse – after US President Donald Trump shocked the metal world by releasing the most traded forms of buyers of his hot -expected import tariffs. The industrial metal rose as much as 1.2% on London metal exchange before achieving a few profits. Earlier, the futures on the Comex Exchange were plunged by their most ever after the White House unveiled details of the 50% tariffs showing that refined buyer – wide traded on global exchanges – was left out. The release removes the reason for the major premium of prices in New York about London. It should encourage traders to relax on that gap and cover short positions on the LME. Prices on the Comex traded 19% to $ 4.548 per pound on Thursday in the early trading in Asia. The decision is the latest surprise of Trump to increase the copper market. When the president first marked the likelihood of rates at the first time, US prices rose relative to the rest of the world and traders rushed to get the metal to America to raise profits. Some veterans in the industry have said it is the biggest trade in their lifetime. Now the decision to exclude refined buyer of the rates will make the worldwide trade flow of the metal disappear, which plays an important role in the global economy thanks to its widespread use in electrical wiring. The massive volumes sent to the US over the past few months have created a large stock that could be exported again. The move to distinguish between refined metal and semi-processed products in the tariff policy follows lobby work from the US copper industry, with some key players arguing that the country does not have sufficient ability to replace all its imports immediately. The 50% import tariff announced on Wednesday will apply to semi-finished products such as pipes, wires, bars, sheets and tubes, and on copper intensive goods such as pipe accessories, cables, compounds and electrical components, according to the White House statement. Less processed goods – including ore, concentrates, mats, cathodes and anodes – are not subject to the rates. The prospect of refined buyer import tariffs may not be completely disappeared. In a proclamation published by the White House on Wednesday, it was said that the Department of Trade recommended a delayed imposition of import tariffs on refined metal, with the rate at 15% starting in 2027, rising to 30% in 2028. Trump has directed the Secretary of Commerce to give an update on the US copper markets through the end of the refined buyer, so that the president can determine whether the phase universal import is on the duty. ‘Copper was 0.4% up to $ 9,733.50 per ton from 09:24 Shanghai time. With the help of Joe Deaux, Andrew Janes, Winnie Zhu and Alfred Cang. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.