Expectations that US President Trump will impose tariffs on copper, a move that would pressure the limited capacity of local smelters. The President signed an executive order to initiate a review of copper imports after noting he would tariff the metal in an earlier speech before Congress. These signals suggested that levies would be imposed later in the year, but the escalation of base metal tariffs on Canada sporadically announced by the White House ramped up concerns that barriers on copper may be expedited.
That being said am just taking advantage of all this tariff talk as I find opportunities every time an executive tariff order are signed.
My Tp.1 for the metal is @5.1167 Handle.