Market Chatter: 50% US Tariffs on Copper Imports Bullish for COMEX spreads, Bearish for LME Spreads, Citi Strategists Say

MT Newswires Live

Jul 09

The implementation of US President Donald Trump's 50% tariff on copper imports should be bearish for London Metal Exchange (LME) spreads, LME flat price, and bullish for COMEX spreads in the coming months, Citi commodity strategists led by Max Layton said, according to The Australian.

More information about the timing for the implementation of US President Donald Trump's 50% tariff on copper imports will be key for ex-US pricing as it "ends the temporary and substantial draw on ex-US physical units to the US observed in recent months."

A reverse trend is expected to play out as US import demand collapses, and draws from US inventory replacing net import requirements, which should relieve ex-US physical market tightness.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2550052645","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550052645","pubTimestamp":1752029306,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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