The market has been skeptical of the 50% copper tariff threat, as evidenced by the spread between COMEX and LME copper prices remaining at only 23-24%, suggesting traders do not believe the tariff will be implemented.
factualpending
Speaker
Matt GuygerEvidence Quote
“the market is kind of in your camp though. They're skeptical. Like if you look at the spread between the ComX and the LME price, it's still just less 24%... So the the general or I guess the market is in disbelief that this will actually occur”
Source
Grant Williams and Matt Geiger: Investing During Crises and Navigating a Spirited Metals Market— CLEAR COMMODITY NETWORKCreated: 8/11/2026, 7:24:12 AM
My Notes
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