
The London Metal Exchange (LME) is the world centre for industrial metals trading. Most of the world's global non-ferrous futures business is conducted on our markets, totalling US$15.2 trillion of notional value, 3.1 billion tonnes and 145 million lots last year. Participants from non-ferrous, ferrous, electric vehicle and financial communities use the LME to mitigate or take on risk using globally trusted prices discovered on our markets. LME futures contracts are underpinned by a world-wide network of warehouses ensuring the prices discovered on our markets are reflective of global supply and demand. The LME is a member of HKEX Group. LME.com
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Citi Forecasts Copper at $15,000
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
|---|---|---|---|---|---|
London Metal ExchangeYou | 1 | 0 | +100% | 1 | 10 |
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US plans 50% tariff on imported copper, potentially impacting manufacturing. Copper prices surge 13% in a day, up 27% since February.
Trump's 50% copper tariff announcement causes US copper prices to surge, creating a 25% price gap with London markets and raising concerns about future supply shortages.
BofA analysis shows Trump's 50% copper tariff benefits Freeport-McMoRan and Southern Copper, as CME copper prices surge 13%, widening the gap with LME prices.
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