Jul. 30 at 8:38 PM
$SPY ~ 😂 USA copper prices just witnessed a historic collapse by more than -19% on July 30, 2025 in the minutes after USA Prez Trump excluded the most widely imported form of copper from his planned tariffs. USA copper futures on Comex plunged after the announcement in the largest intraday fall on record in human history destroying over leveraged bulls. Until Wednesday, USA copper prices had been trading around 28% above benchmark copper futures on the LME, as traders anticipated the tariff would be applied to all refined metal imports but Trump said “Just Kidding”. The decision is the latest surprise from Trump to upend the global copper market. When the USA prez first flagged the likelihood of tariffs early this year, he triggered a surge in USA copper prices relative to the rest of the world & set off a race to ship copper to the USA to beat the tariffs, delivering substantial profits to some of the world's biggest metals traders until the “Rug Pull” today.
$FCX $SCCO $GLD $CPER
