Material is reportedly flooding into the U.S. as traders position before a potential tariff call, underscoring how policy expectations can reshape metals flows and pricing.
Copper was reportedly on track for a monthly gain as global supply tightened and shipments moved into the U.S. ahead of an expected Trump tariff decision. The setup points to front-running, where traders and buyers reposition before a policy announcement in anticipation of higher costs or disrupted trade flows. Such moves can pull material into one market, tighten availability elsewhere and support prices.