The shock of copper fees is unveiled from stacked shares in the United States

Donald Trump set fire to a large wave of copper flow to the US ports after his intention to lay custom duties on the metal. It seems that the US president has launched a spark, can cause a fundamental shift in the trading road that was very profitable. Its administration surprised the metal sector on Wednesday with a customs ad that excluded refined copper (the largest category of imported metal) of a 50%fee. As a result, copper futures in the United States have fallen on the largest frequency since the start of the circulation of its current form in 1988, after it has recorded strong heights in recent months in anticipation of these drawings. The acute drop by 20% during one session over the ‘Comx’ Stock Exchange in New York represents the collapse of transactions based on the price differences that attracted hundreds of thousands of tonnes from the metal to the US coast. Traders, manufacturers and consumers now find themselves before a new scene of risks and opportunities, in light of a major accumulation of supplies on US land. “We will see a situation where the United States has quantities of buyer that exceeds its real needs in the foreseeable future … an effort will be made to digest this large amount of shares, and I think the result can be somewhat negative on the copper market.” Also read: Copper Mindings Rocket Time to reach America before a 50% fee and copper prices on the “Comx” exchange jumped compared to global indicators as soon as Trump’s wavy in February was the possibility of setting up customs duties, which set a race to fire the metal of the largest metal trade. Prior to the announcement of Trump, American Copper circulated at a price of about 28% of the reference contracts on the London Metal Stock Exchange, amid expectation to apply fees to all imports of refined metal. But at the end of the trade session, this difference dropped to only 4%. The collapse of the market emphasizes the plight of the large amounts of real buyer stored in the United States. “It seems that this step is a tendency to balance to the geographical pleasure that has expanded a lot between Borst Comics and London,” says Ben Hoff, head of the commodity strategy at Susseti General. Refined copper orientation is still possible that the US stock of copper is not the same momentum as its accumulation is accompanied by, given the high cost of raising the metal again. And if the chance to argue completely disappears or becomes negative, the buyer who is still on his way to the US ports can simply be transferred to the London Metal Stock Exchange depots in the country, and some quantities stored in the United States may turn there. If the argument becomes a sharp negative – for example, about $ 300 a tonne – some shipments can be carried out to China. “It is expected to take the opposite of the shipping flow for some time, but it will not cancel the negative impact on the prices of the London Metal Stock Exchange,” wrote Natalie Scott-Gray, the main mineral analyst in the “Stonex” group. Earlier this month, Trump promised to impose 50% on buyer from the first August, without clarifying the details. But he eventually excluded the most imported form of metal – refined copper – from the domain of graphics, which will only be applied to products such as tubes, wires, bars, plates and dry tubes. The shares of US production companies, including ‘FreePort -McMoran’, decreased after the announcement, while the decision was a source of relief to the elders of refined buyer to the United States, led by the state -owned “Codelco” business in Chile, as well as the US buyers of the metal. The decision to distinguish between refined buyer and semi -made products in the customs policy came in response to the pressure of the buyer sector, as some of the main players saw that the United States did not have sufficient production capacity to replace its full imports at the moment. However, the possibility of imposing fees on refined copper imports is not completely excluded. The White House announced that the Ministry of Trade recommended that the application of fees be postponed to this type of refined metal, with the proposal to start a 15% fee in 2027, and rose to 30% in 2028. Trump was instructed to set up an updated report on the terms of the copper market by mid -2026, to determine if there are justifications for the boom of a “graduation fee on the refined buyer”.