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05.08.26 - 19:54
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Copper Tops $14,000 As US Stockpiling Drains Global Supply Ahead Of Trump′s Tariff Call (ZeroHedge)
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Copper Tops $14,000 As US Stockpiling Drains Global Supply Ahead Of Trump's Tariff Call
Copper strength has returned to the London Metal Exchange this week as futures top $14,000 a ton. Another leg higher could be imminent, pushing prices into blue-sky territory as traders weigh tightening global supplies against robust metal inflows into the US ahead of President Trump's expected tariff decision.
The Commerce Department was expected to deliver its tariff recommendation by June 30, but no decision has been announced. On national security grounds, the agency is expected to impose import levies of up to 50% on semi-finished and derivative copper products under Section 232. The policy aims to protect domestic manufacturing and reduce foreign reliance, addressing supply chain risks from major exporters like Chile, Peru, and Canada.
Bloomberg reports more than 200,000 tons of copper flowed into US ports in July, the largest ever monthly inflow in data going back to 2014. High US prices have kept ...
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05.08.26 - 10:49
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Korea Zinc Co Earnings Up In Q2 (AFX)
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SEOUL (dpa-AFX) - Korea Zinc Co., Ltd. (010130.KS), a general non-ferrous metal smelting company, on Wednesday reported higher net income in the second quarter compared with the previous year. For......
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05.08.26 - 07:12
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Kobe Steel Ltd. Reveals Fall In Q1 Bottom Line (AFX)
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KOBE (dpa-AFX) - Kobe Steel Ltd. (KBSTY.PK) reported earnings for first quarter that Dropped, from last yearThe company's earnings totaled JPY12.199 billion, or JPY30.87 per share. This compares w......
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