1 July | Other

US copper contracts trade at large premiums to other exchanges

US copper contracts trade at large premiums to other exchanges

Donald Trump's tariff policies have destabilized the industrial metals markets, disrupting supply chains and increasing inflows into the United States. Such dynamics have been reflected in prices. Copper prices on the London Metal Exchange (LME) rose by 12% in the first six months of the year. An even more impressive result was shown by tin, Reuters reports.

Other metals continue to recover from the effects of broader US restrictions imposed in April. The news agency notes growing investor concern about the impact of tariffs on global production activity.

American copper contracts are currently trading at a $1,200 per ton premium to the international price on the LME. While US exchange inventories are filling up, others are recording a deficit.

Conditions in the industrial metals markets remain volatile. With higher US duties on copper, the situation will change again, Reuters says. Investors have to make decisions amid high uncertainty and instability, the news agency's experts emphasize.

Elena Berseneva MarketCheese
Gold buy
Period: 01.09.2025 Expectation: 6000 pips
Gold set to regain momentum after short-term correction
Yesterday at 11:38 AM 127
Period: 06.09.2025 Expectation: 325 pips
Buying Brent crude up to $71 per barrel
Yesterday at 10:43 AM 55
Period: 01.09.2025 Expectation: 800 pips
S&P 500 rally slows down amid Fed rate cut expectations
Yesterday at 09:54 AM 38
Period: 29.08.2025 Expectation: 1000 pips
Silver poised to retest 14-year high at $39.5
Yesterday at 09:05 AM 47
Period: 06.09.2025 Expectation: 550 pips
SPX set to update all-time high
Yesterday at 07:55 AM 35
Gold buy
Period: 25.08.2025 Expectation: 1300 pips
Buying gold ahead of Powell’s speech
22 August 2025 187
Go to forecasts