This shouldn’t have been too much of a surprise for those paying attention back in February, President Trump signed an executive order on Feb. 25, 2025, directing the secretary of commerce to initiate a Section 232 investigation into whether copper imports into the U.S. threaten to impair national security.
This investigation will assess the national security risks related to imported copper in all its forms, including raw mined copper, copper concentrates, refined copper, copper alloys, scrap copper, and derivative products.
Within 270 days the secretary of commerce will submit a report to the president with findings and recommendations on actions to mitigate any threats, including potential tariffs, export controls, or incentives to increase domestic production.
If you would like to know more about the High Grade Copper contracts please call your broker. Of note! Today the Micro High Grade Copper contract traded over 47 thousand contracts while the full size 25000lb contract traded over 99 thousand. The overnight margin coming into today was $9900 for the Full size and $605 for the micro, soon to increase.
Tomorrow:
Econ Data: FOMC Minutes 1:00 p.m. CDT, EIA Crude oil stocks,
FED: Quiet
Earnings: Quiet
Tariff news: Anything goes! |