Goldman Sachs: US copper imports may increase before tariffs take effect.

Goldman Sachs said that, given the increasing risk of a 50% tariff on copper imports into the United States, they expect copper shipments to the US to accelerate in the coming weeks. Analysts including Eoin Dinsmore wrote in a report on July 9 that traders are motivated to export to the US before the tariffs are implemented. They stated that they are maintaining their expectation of LME copper prices at $9,700 per ton by December 25th, but the risk of copper prices breaking $10,000 per ton in the third quarter is now reduced.