COMEX Copper Surges, LME Declines; Spreads Widen Amid Uncertainty Over Section 232 Tariff

Published: Jul 1, 2026 16:39

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[SMM Copper Market Flash] After SHFE copper closed today, COMEX copper prices surged, while LME’s decline widened to over 1.7%; currently, the COMEX2607-LME spread has widened to over $300/mt, and the COMEX2610-LME spread to over $500/mt. It is reported that there is still no clear news on the Section 232 tariff, and the LC spread has been relatively active.

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