Copper prices supported by by expectations of a tighter global supply

Westpac with the analysis. In brief:

• copper prices supported by by expectations of a tighter global supply
• U.S. copper premiums have jumped to 14% above London Metal Exchange prices, driven by the potential for 25% tariffs on the metal later this year
• has triggered a rush of copper shipments to the U.S.
• could result in supply shortages elsewhere in the global market

This article was written by Eamonn Sheridan at www.forexlive.com.