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Tariff threats have triggered drastic changes in the flow of Copper: the USA "absorbs Copper" while Europe "lacks Copper".
In some areas of the European continent, spot Copper premiums have risen to a historic high. The Global Copper market is active in arbitrage trading, and the substitution of scrap Copper is heating up.
Base Metal Prices Mixed; Copper Slips But Underlying Demand Looks Strong -- Market Talk
Base Metal Prices Mixed; Copper Gains as Chinese Trading Resumes -- Market Talk
XINGYE ALLOY: Annual Report 2024
Improved tariff expectations combined with inflation support lead to rising Copper prices and gold prices reaching new highs.
Summary: Last week, the tariff issues continued to ease, and both China and the United States expressed a willingness to engage in dialogue on tariffs under certain conditions. Market risk appetite has improved, and the focus is on whether there will be further substantial actions in the future.
Xingye Alloy Proposes Appointment of New Independent Director