US Copper Imports Hit 12-Year High Amid Trump Tariff Threats
Combined inventories in US Comex and LME warehouses surpass 740,000 tonnes as copper is pulled from China and global stocks.
Hızlı Bakış
US copper imports reached a 12-year high of over 200,000 tonnes last month, pushing combined Comex and LME inventories above 740,000 tonnes as analysts cite Trump's tariff threat pulling metal from China and global warehouses.
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Neden Önemli?
Trump's tariff threats are impacting global trade flows and commodity warehousing.
IHS Markit shipping data showed that more than 200,000 tonnes of copper landed in the US last month – a 12‑year high for monthly inflows. This was said to have pushed the combined US-based inventories of the New York Commodity Exchange (Comex) and the London Metal Exchange (LME) above 740,000 tonnes.
Furthermore, an additional 110,860 tonnes were being held in storage at US ports as of Friday, according to the LME.
Bloomberg reported on Monday that stock levels at LME warehouses outside the United States had tumbled sharply this year. And the outflow was not limited to LME facilities, as analysts said the data showed Trump’s tariff threat was pulling copper out of the Chinese mainland.
Lingang, one of Shanghai’s major bonded-warehouse hubs, has seen this trend unfold since the start of the year.
Açık Sorular
- How will sustained high US inventories impact domestic copper prices?
- Will Chinese bonded warehouses see further stock depletion?
