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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.
Mining stocks listed in London surged due to easing trade tensions.
The share prices of mining companies listed in London rose due to easing trade tensions. These mining stocks led the UK FTSE100 Index in early trading, with Glencore and copper miner Antofagasta's share prices increasing by nearly 7%. Anglo American rose by 6.4%, and Rio Tinto increased by 5%.
Glencore-Backed Cobalt Holdings Aims for $230 Million London Listing in June
Express News | The Norwegian sovereign wealth Fund announced the resumption of its investment in the German utility giant RWE.
Trump Administration Adds 10 More Mining Projects to Fast-track Permitting List
Bunge-Viterra Merger Stalled by U.S.-China Tensions - Bloomberg