The price of buyer in America draws its highest level amid Trump's customs threats

The prices of copper futures on the New York Stock Exchange have risen to the highest levels ever, amid the evaluation of traders for the possibility of US President Donald Trump who impose high customs duties on the important mineral for industries. The price of the buyer futures for the Comxum Stock Exchange rose to $ 5,2055 for a pound on Tuesday at 09:56, exceeding the previous summit of $ 5.199 recorded on May 20. The next month’s contracts jumped by about 29% this year, creating an unprecedented difference between US prices and the global reference to the London metal stock exchange. Copper price bonus in America has started prices of buyer futures in the US to overcome the prices of its counterparts on the London Metal Stock Exchange in January, and the gap reached record levels after Trump ordered the US Department of Trade last month to conduct investigations into potential customs duties on buyers to be related to national security. On Monday, the gap between term prices between the comics and the London Metal stock exchanges reached new standards of more than $ 1400 per tonne. This price bonus was created – major incentives for traders to utilize the price difference to transfer buyer to the United States to avoid any possible customs definitions. The groups “Goldman Sachs” and “City Group” expect the United States to impose 25% of customs on brass imports by the end of the year, and traders expect large amounts of buyer to reach before the United States. Copper charged to the United States and costs Pentas, head of mineral trade in “Mercury”, appreciated the levy of about 500,000 tonnes of copper to the United States, so that the rest of the global market suffers from a dangerous metal shortage. The prices of the metal on the London Metal Stock Exchange are expected to rise, over $ 12 thousand dollars, compared to about $ 10 thousand dollars, with the exacerbation of the deficit. While traders and investors are expected to pick profits from copper transfer, US manufacturers pay costs, which include a large part of the expected effect if the tax expected by 25% is taken into effect.