The copper market in Asia is tightening up, adding to signs of worldwide dislocation, as prices rally hard on speculation that the Trump administration will impose import tariffs on the key metal.
Copper supply in Asia is tightening due to speculation of US import tariffs, causing price rallies and market dislocation. Chinese import premiums are rising, and shipments are being diverted to the US. While high prices have curbed some Chinese factory demand, grid operators and strategic reserve replenishment are expected to support overall demand.
