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[Copper Traders Rush To Supply US Amid Tariff Threats, Creating Arbitrage Opportunity] Following President Trump's Threat Of Import Tariffs On Copper, Commodity Traders Like Glencore And Trafigura Are Rapidly Shipping Copper To The US From Asia And South America To Capitalize On A Price Surge In New York's Comex, Where Prices Rose As Much As 4.9% To Over $1,000 Per Ton Above The London Metal Exchange Benchmark. This Has Created An Arbitrage Opportunity, Drawing Copper Away From Top Consumer China And Causing A Drawdown Of Over 93,000 Tons From LME Warehouses In Asia Since Friday. The Potential Tariffs Are Impacting US Copper Buyers, Who Are Paying About 8% More, And Are Incentivizing Chinese Smelters To Ship Copper To LME Warehouses In Asia.
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