US copper inflows surge as market awaits Trump tariff call

Mining08-03

Copper is pouring into the US at the fastest rate in at least 12 years as traders position ahead of President Donald Trump’s decision on tariffs on refined imports. About 200,000 metric tons arrived ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS copper inflows surge as market awaits Trump tariff call\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-03 08:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mining.com/web/us-copper-inflows-surge-as-market-awaits-trump-tariff-call/><strong>Mining</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Copper is pouring into the US at the fastest rate in at least 12 years as traders position ahead of President Donald Trump’s decision on tariffs on refined imports.\nAbout 200,000 metric tons arrived ...</p>\n\n<a href=\"https://www.mining.com/web/us-copper-inflows-surge-as-market-awaits-trump-tariff-call/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ICOP","symbol_name":"iShares Copper and Metals Mining ETF","start_time":0,"source_url":"https://www.mining.com/web/us-copper-inflows-surge-as-market-awaits-trump-tariff-call/","article_id":"2656308674","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/08/AdobeStock_578889746.jpeg"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/web/us-copper-inflows-surge-as-market-awaits-trump-tariff-call/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2656308674","pubTimestamp":1785716460,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"About 200,000 metric tons arrived in July, the biggest monthly inflow on record in IHS…","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ICOP":"iShares Copper and Metals Mining ETF","UCC":"ProShares Ultra Consumer Discretionary","TRUI":"VanEck Industrials TruSector ETF","IBUY":"Amplify Online Retail ETF","BINT":"Bluemonte Global Equity ETF","CLIX":"ProShares Long Online/Short Stores ETF","RKNG":"Defiance Retail Kings ETF","VEXC":"Vanguard Emerging Markets Ex-China ETF","EUM":"ProShares Short MSCI Emerging Ma","SNTH":"MRP SYNTHEQUITY ETF","WLDR":"Affinity World Leaders Equity ETF","RSEE":"Rareview Systematic Equity ETF","XME":"金属与采矿指数ETF-SPDR","EBIZ":"Global X E-commerce ETF","FXD":"First Trust Consumer Discretiona","CPXR":"USCF DAILY TARGET 2X COPPER INDEX ETF","AMER":"Emles Made in America ETF","CORO":"ISHARES INTERNATIONAL COUNTRY ROTATION ACTIVE ETF","IUSA":"Amberwave Invest USA JSG Fund","RGLO":"Global Equity Active ETF","BK4582":"ESG ETF-MSCI","UYM":"基础材料指数ETF-ProShares两倍做多","CPER":"美国铜指数基金","PRXI":"Praxis Impact International ETF","SUPP":"TCW Transform Supply Chain ETF","SHPP":"PACER INDUSTRIALS AND LOGISTICS ETF","SPXN":"Proshares S&P 500 EX-Financials ETF","FFGX":"Fidelity Fundamental Global ex-U.S. ETF","COPJ":"SPROTT JUNIOR COPPER MINERS ETF","ACWX":"iShares MSCI ACWI ex U.S. ETF","DRES":"GMO Domestic Resilience ETF","BK4535":"淡马锡持仓","TISC":"Thrivent International Small Cap ETF","ACSI":"American Customer Satisfaction ETF","DISV":"Dimensional International Small Cap Value ETF","COPP":"Sprott Copper Miners ETF","CDIG":"City Different Investments Global Equity ETF","HALX":"Tuttle Capital Heavy Assets Low Obsolescence ETF"},"translate_title":"市场等待特朗普对看涨期权征收关税，美国铜流入量激增","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSEE":1.5,"CDIG":1.5,"FXD":0.81,"SUPP":0.81,"EBIZ":0.81,"IUSA":0.81,"DRES":1.5,"SHPP":1.5,"RGLO":1.5,"SNTH":1.5,"QCmain":1.5,"CLIX":0.81,"SPXN":0.81,"FFGX":0.81,"TISC":1.5,"IBUY":0.81,"RKNG":0.81,"BINT":1.5,"AMER":0.81,"HALX":0.9,"XME":1.5,"CORO":0.81,"UYM":1.5,"COPJ":1.5,"CPXR":1.5,"ACSI":0.81,"ICOP":1.5,"UCC":0.81,"VEXC":0.81,"WLDR":1.5,"CPER":1.5,"TRUI":0.81,"DISV":0.81,"MHGmain":1.5,"EUM":0.81,"PRXI":1.5,"ACWX":1.5,"COPP":1.5},"content_text":"Copper is pouring into the US at the fastest rate in at least 12 years as traders position ahead of President Donald Trump’s decision on tariffs on refined imports.\nAbout 200,000 metric tons arrived in July, the biggest monthly inflow on record in IHS Markit shipping data going back to 2014. About 110,860 tons are stored at US ports outside the London Metal Exchange’s warrant system.\nThe influx is being closely watched as the hoard has been built at the expense of supplies in the rest of the world. Inventories in LME warehouses outside the US have fallen sharply this year as traders diverted metal to American ports to capture higher prices.\nThe flows have accelerated even after a June 30 deadline for Commerce Secretary Howard Lutnick to recommend action on tariffs passed without an announcement. Producers, consumers and traders are awaiting clarity as the White House weighs whether to extend protection from semi-finished copper products to raw metal.\nMeanwhile, Comex copper in New York continues to trade at a hefty premium to the LME, preserving an arbitrage that encourages shipments into the US.\n\n\nOfficial Comex inventories have climbed more than 40% this year to a record, while the total US copper hoard is widely estimated at well above 1 million metric tons. The threat of tariffs is allowing the US to build stockpiles of a metal increasingly viewed as strategic for power grids, artificial intelligence, electric vehicles and defense.\nThe White House has yet to indicate when Trump will decide on refined copper tariffs. Supporters argue the levies would encourage investment in domestic mining and processing, while opponents say they would raise costs for manufacturers that rely on imported copper and make US-made products less competitive. The debate comes on top of existing 50% tariffs on semi-finished copper products and derivatives.\n\nTrump tweaks copper tariff rules ahead of refined metal review\n\nA decision to impose tariffs on raw metal would likely trigger one final rush of shipments before the levies take effect, while abandoning the proposal could reverse trade flows as merchants unwind positions accumulated over the past 18 months.\nThe tariff threat has dominated the copper market for much of the past year, repeatedly pushing New York futures above London prices. Last July, Trump directed Lutnick to study whether refined copper imports should face phased tariffs beginning at 15% in January 2027.\nThe Comex-LME arbitrage — the spread between front-month Comex copper and the LME cash contract — averaged more than $350 a metric ton in July, comfortably high enough to attract metal from overseas.\nAt the same time, the London market is showing signs of a squeeze, with nearby contracts trading at a premium of about $65 to three-month futures, the widest since January. That price structure, known as backwardation, signals short-term tightness.\n(By Yvonne Yue Li and James Attwood)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2656308674","isCrawlerRequest":true}