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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.
Copper Rebounds as China Says Considering Trade Talks With U.S.
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U.S. stock market close | Hopes for trade negotiations offset economic concerns, the three major indexes rebounded during the session, with the S&P achieving seven consecutive days of gains; Microsoft and Meta both strengthened after-hours, each releasing
The S&P and Dow Jones continue to hit new highs over four weeks, but have still fallen for three consecutive months. Tesla closed down over 3%, but rose nearly 9% in April; Super Micro Computer and Snap both closed down over 10%. After the U.S. GDP report, the yield on two-year U.S. Treasury bonds hit a new three-week low.
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