https://newsletter.mw.creamermedia.com
Copper|Industrial|SECURITY
Copper|Industrial|SECURITY
copper|industrial|security

Copper climbs above $10 000/t as US buyers ramp up imports

20th March 2025

By: Bloomberg

  

Font size: - +

Copper rose above $10 000/t on the London Metal Exchange for the first time since October, as buyers in the US race to import supplies of the key industrial meal ahead of potential tariffs.

Prices have risen 14% since the start of the year on the LME. Still, that compares to a 26% surge for copper futures in New York, which are close to an all-time high. The premium has created a huge incentive for traders and producers to keep moving supplies to the US before any potential tariffs are imposed.

The bull run for copper comes after President Donald Trump ordered the US Commerce Department to conduct a probe into possible levies, citing national security grounds. The president’s comments have spurred buyers to ramp up purchases of the refined metal this month.

Demand for copper is so high that traders Trafigura Group, Glencore and Gunvor Group have redirected shipments destined for Asia to the US to meet demand, Bloomberg reported Wednesday.

Goldman Sachs Group and Citigroup both see the Trump administration imposing a 25% tariff on copper imports this year.

Edited by Bloomberg

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.124 0.203s - 129pq - 2rq
Subscribe Now