Trafigura to Withdraw LME Copper Before US Tariff Ruling
Trafigura plans to withdraw copper from New Orleans LME warehouses before a June U.S. tariff ruling. Traders are moving metal to lock in supply at current prices.
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Trafigura is preparing to withdraw large volumes of copper from London Metal Exchange (LME) warehouses in New Orleans. The move precedes a U.S. tariff decision expected by late June that could raise import costs. Investors are watching the trader's maneuver as a hedge against potential levies on metal imports.
