Aluminium premium soars 25% on new U.S. tariffs – TDS
|Raising Aluminium and steel tariffs has driven Aluminium's midwest premium to nearly instantly rise by nearly 25% of the LME3m benchmark price, TDS' Senior Commodity Strategist Daniel Ghali notes.
Copper tariff uncertainty keeps Comex-LME spread tame
"Interestingly, Copper markets remain dislocated, but the comex-LME spread only rose by a fraction of that seen in Aluminium's MWP, suggesting traders are still pricing in some uncertainty with respect to timing and scale of any eventual tariffs on Copper."
"Still, the resulting strength in comex Copper may pull LME Copper prices higher in the imminent term, as CTAs are forced to resume purchases with up to +20% of algos' max size likely to be bought."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.