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Traders rushed to stockpile copper before Trump's tariffs. Now they're stuck with a lot of it.
Copper traders were caught flat-footed after refined copper was exempted from Trump's new tariffs. The exemption triggered a 20% drop in copper futures on the COMEX exchange. Traders now face excess inventory, with COMEX stockpiles at a 21-year high.
Options traders who bet the Trump administration would renege on its promise to tariff raw copper imports are cashing in big.
U.S. President Donald Trump on Wednesday issued a blitz of tariff announcements ranging from changes to previously threatened ...
U.S. copper futures ended Thursday down more than 22%, by far their [largest single-day drop on record]( ...
ERO Copper's ramping production, led by Tucumã, boosts output and revenue while trading at a discount with major growth ahead ...
Rescue teams found a body inside a section of a Chilean copper mine that collapsed two days earlier during a moderate ...
U.S. copper prices plunged after President Trump unveiled 50% tariffs on copper products, but not on the raw material itself.
The tariff trade, which has defined the copper market since February, has imploded. The CME's U.S. contract plummeted by more ...
There was a major selloff after the Trump administration announced its copper tariffs. Economic weakness could send prices ...
A major collapse at a key new section of Codelco’s biggest mine is raising questions about the Chilean behemoth’s ability to ...
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