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.