From Yahoo Finance: 2025-03-23 14:00:00

Copper bullish as Trump’s tariffs create trading opportunities. Kostas Bintas predicts record highs, citing US metal draw leaving China short. Collaboration with Nick Snowdon forecasts multiyear bull market. Prices surged to $11,000+ before. US prices $1,400/ton above world, driving traders to ship to US. Mercuria estimates 500,000 tons heading to US.

Investors bullish on LME copper as funds increase net positions. David Lilley predicts aggressive competition for metal. LME prices up 12% in 2025. Shanghai Futures Exchange shows tightness. Copper premiums in China rising. Tariff threat impacts US scrap exports, affecting global copper market.

Mercuria predicts global demand will exceed supply by 320,000 tons in 2025. Tariff threat causes US copper scrap exports to dry up. Snowdon notes under-appreciated shock in global copper market due to scrap channel. Concerns about trade war slowdown could affect copper price surge prediction.

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