business π Copper floods US ahead of Trump tariff call π
Copper inflows into the US are surging at the fastest rate in at least 12 years as traders await a decision on tariffs from President Donald Trump. Over 200,000 metric tons arrived in July, marking the biggest monthly inflow in IHS Markit data since 2014. US stockpiles now exceed 740,000 tons, boosted by an additional 110,860 tons in private storage. This hoarding is driven by tariff arbitrage, while the White House weighs protection for raw metal. A final rush of shipments is expected depending on the upcoming tariff announcement.