HK Copper Stocks Weaken as Tariff Premium Fades

Copper stocks have weakened again in Hong Kong, with China Minmetals Resources and China Nonferrous Metal Mining leading the decline.

The 'transoceanic copper arbitrage' rationale that had been driving up prices has lost steam due to uncertainty over US tariffs on refined copper.

Copper prices plummeted after reports emerged that the White House was yet to make a decision on tariffs, triggering a concentrated unwinding of the tariff-related premium.

Market concerns about inflation and the Federal Reserve's policy trajectory have also put downward pressure on copper prices.