Trading fever in US copper has finally broken
Author: Daniel Ghali
Trading fever in US copper has finally broken. US commodity dealers have spent the year rushing to import the vital industrial metal ahead of anticipated import tariffs from the Trump administration. Intense demand opened up a premium of more than 30% between copper futures on the US COMEX exchange and the London Metal Exchange, marking “one of the most profitable commodity trades in modern history”, Daniel Ghali of TD Securities tells Bloomberg. At the end of July the White House announced new ...