One of the most prominent optimists in the future of the facade is rejuvenated by launching new expectations with record highs in the prices of the metal; In light of the threats of US President Donald Trump to impose customs duties, which led to the exhaustion of global stocks, and to create what he sees as unprecedented opportunities to achieve profits from the dissertation of the metal. The name Costas Pinas emerged as one of the most famous traders in the metal markets during his years of developing the “Trafgura group” portfolio to become the largest in the world in the brass trade, before leaving it late 2023. He is currently leading a new mineral expansion in the energy trading business, Mercury Energy Group “(. MRCURIA against non unprecedented levels, with the possibility of their rise to one -third compared to current levels. Thousand or 13 thousand dollars? A year ago, the average copper prices would reach 15 thousand dollars per tonne in 2025. Wide fees have not applied to brass imports, domestic prices have risen more than $ 1500 a tonne compared to other markets, which has produced a major incentive for traders to send every ton of surplus to the US market. In this context, Pinitas said: “As for the profit margin for every ton, I haven’t seen a better trading opportunity than in my career.” He pointed out that the transformation of stocks in the US market means that the Chinese market will suffer from a shortage of supply, which will force Chinese buyers, who represent more than half of the global demand, to compete with the US market. At the same time, the large quantities of brass scrap that usually flowed from the United States were dried abroad. Pintas continued by saying: “China has always historically managed to resist high prices. But this time, for the first time in modern history, there is another market that takes the quantities out of the Chinese market. For this reason, we stand in front of a country that is completely unknown.” Copper discharge to the United States indicates the “Mercuria” business estimates that about 500,000 tonnes of copper is on its way to the United States, and most of this amount has already been sent, compared to a regular monthly import rate of only 70 thousand tons. Traders send the metal to the US market in an effort to take advantage of the big difference in prices, as well as accelerating the shipping previously planned with the aim of cleaning their customs before imposing possible fees. The company reported that it was between 85 thousand and 90,000 tonnes of copper on his way to the United States, while Bloomberg said earlier that some traders were starting to redirect the consignments assigned to the US market. Penas share these expectations of prices. Investment funds have increased their net purchase centers in copper contracts at the London Metal Stock Exchange to the highest level, according to the stock exchange data. David Lily, chief executive of the hedge fund, said the conversion of the copper destination to the US market Chinese buyers would place “much more competition for the metal”. Copper prices have risen significantly, as standard contract prices on the London Metal Stock Exchange have risen by 14% since the beginning of the year to reach $ 10.010 per tonne on Monday, while futures on US “comics”, which were affected by the threats of customs duties, approached their standard levels. The tightening of the offer, although the global market shows a few indicators about tightening the offer, it has not yet reached the maximum pressure of pintas. On the Shanghai Futures Stock Exchange, copper prices have made the biggest gap in more than a year, as contracts in the area are traded at a higher price than the further deadlines, which indicate a shortage of supplies. The price bonuses of copper in China have also begun to rise since the end of February, and if it stays at moderate levels compared to historical standards. However, expectations for the high price of buyer may be under pressure if the fear is correct that a trade war will lead to a global economic slowdown. But “mercury” is not concerned about this possibility, as it expects global demand to exceed the supply by 320,000 tonnes this year, as well as the flow of shares to the US market, to drain a large part of the shares outside the United States. In addition, the threat of customs duties has led to the drying of US copper discharge. The scrap is formed over a third of the global production of copper, and this source often works as an installation of the market; As the supply increases afterwards as prices rise, and descends as it is low. “Since February, US export export has dropped to almost non -existent levels.” He added: “We see a sudden shock in the global copper market through this scrap channel.”
Trump -doean threats increase the bets on the high price of brass
