Copper Plate prices continued an upward movement in late March for different reasons on opposite sides of the world. In the US, talk of new tariffs has buyers scrambling to stock up, pushing prices to record highs. Meanwhile, in China, steady demand from electric vehicles and power sectors, along with shrinking inventories, is keeping the market firm.
Key Takeaways
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The US copper plate trade faced volatility as traders rushed shipments before tariffs were imposed.
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Anticipation of a potential xxx tariff on copper imports is driving domestic stockpiling, pushing prices above global benchmarks.
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In China, New Energy Vehicle (NEV) and high-end power sectors maintained steady copper plate demand despite early March volatility.
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Declining inventories and a copper concentrate supply crunch are expected to support copper plate prices.
USA
In the last week of March, Copper Plate prices in the USA...
