Tariff policies dominate the market, traders plan to deliver copper on a large scale at the New York Mercantile Exchange
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According to data from CME, this month, traders on the New York Comex plan to deliver 31,712.5 short tons (28,800 tons) of copper under the September contract, marking the largest single-day delivery since April of this year and one of the largest in the past decade. These deliveries reflect how Trump's decision to exclude refined copper from import tariffs has changed the calculations of copper traders. This decision has weakened, but not completely eliminated, the price incentives for transporting copper to the United States
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