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bearish
Copper Prices Collapse - But Hazelnut Prices Explode
SUMMARY
- The story of the week was probably the 20% decline in COMEX copper futures during the week.
- A short recap: The gloating voices would perhaps claim that the Trump administration has realized that the high tariffs on copper would significantly harm its own country in the current situation.
- Copper prices collapsed by roughly 20% on Wednesday after President Trump announced that refined metals including copper cathodes will be exempt from the 50% tariff plans.
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