Macro Factors Disrupt Copper Market: Divergence in LME and SHFE Copper Prices

Published: Feb 27, 2025 08:36

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[Macro Factors Disrupt Copper Market, Divergent Performance of LME and SHFE Copper Prices Overnight]

Macro side, Trump stated on Wednesday that his administration will soon announce a 25% tariff on goods imported from the EU. He also raised hopes of again postponing the imposition of high new tariffs on goods imported from Mexico and Canada, stating that tariffs on Mexico and Canada will take effect on April 2, about a month later than next week's deadline. Overall, with rising expectations of US tariffs on copper, LME copper strengthened, but the impact on SHFE copper was limited.

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