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Live Updates  >  Live Update Details

2025-07-29 11:32:17

[Goldman Sachs withdraws its long Comex-LME copper spread trading recommendation] Goldman Sachs believes that the Trump administration may reach a copper supply agreement to mitigate the impact of tariffs on US copper prices. The agency has withdrawn its long Comex-LME copper spread trading recommendation accordingly. Analysts Eoin Dinsmore and others said in the report that the basic assumption remains that the United States will impose a 50% copper tariff from August 1, without exemptions for suppliers, covering all copper products. However, Goldman Sachs pointed out that the US government may reach a specific supply agreement with copper producing countries.

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