Despite the losses of the last few days, the Copper price on the Comex is up a good 25 percent since the beginning of the year, almost on a par with tin.
Meanwhile, Copper has continued to retreat from its nine-month high as expectations for the ex-US tightness are retreating following reports earlier this week that US tariffs on Copper imports could be imposed within weeks, not months, ING's commodity experts Ewa Manthey and Warren Patterson note.
Hopes Donald Trump’s next round of tariffs, due to be announced on 2 April , could be more measured supported industrial metals prices at the start of the new week, ING's commodity experts Ewa Manthey and Warren Patterson note.