copper, Trump and London
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London-listed miners popped Thursday with the coppor market in turmoil, as investors digested better economic news from China.
Copper futures rose dramatically following President Trump's plan for a 50% import tariff, pushing domestic prices to a 25% premium over global markets amid growing demand.
Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies
President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, lifting the premium to roughly one quarter. Copper futures mainly trad
Copper prices in the United States jumped more than 12% to a record high above $12,330 per metric ton after U.S. President Donald Trump said he would announce a 50% tariff on imports of the metal on Tuesday.
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MoneyWeek on MSNWhy is the copper price rising?Fears of an upcoming 50% copper tariff have caused a spike in copper prices in the US, though the red metal’s price is falling elsewhere