Reported 1 day ago
Many Chinese copper traders have halted imports of US scrap copper as they anticipate tariffs to be imposed by President-elect Donald Trump. This decision, made in mid-November, comes in light of potential 60% tariffs on Chinese imports, which could lead to retaliatory measures from Beijing during a time when China’s copper smelters are already facing scrap shortages. The uncertainties surrounding these tariffs and ongoing trade tensions could increase demand for refined copper and lead to price volatility.
Source: YAHOO