In my April 10 Barchart article on base metals in Q1 and beyond, I highlighted copper’s price plunge, explaining:
The potential for tariffs impacted copper’s price in the futures and forwards market. London is the home of the wholesale forward market, and the U.S. is home to the futures. Copper metal moved from Europe and other destinations to the U.S. in anticipation of tariffs. When the U.S. administration excluded copper from its tariffs, the price of red metal plunged in early Q2.
