16:39 25 March 2025
KGHM benefiting from Trump tariffs on copper
Donald Trump’s tariff policies have caused copper prices to soar, with a $1,500 per ton price gap between New York (COMEX) and London. The price per pound of copper in the U.S. has reached $5.13, nearing an all-time high.
The U.S., dependent on copper imports, is now attracting massive shipments, with 500,000 tons en route, equivalent to seven months of typical imports. Market analysts predict supply shortages of 320,000 tons this year, further driving prices up.
Polish copper giant KGHM is benefiting from the surge, with its stock price rising 10.48% since Trump’s return to office. However, concerns remain about a potential global economic slowdown from escalating trade wars.
(wnp.pl)
