The trade policies of the Trump administration are challenging to predict. While the Republican president campaigned on implementing high and universal tariffs, these tariffs have so far been delayed and subsequently enacted with significant exemptions.
Our experts have analyzed the impact on the base metals market, particularly in the United States, using aluminum and copper as key examples. In anticipation of tariff measures, premiums have increased, along with imports and COMEX inventories. One question that markets may be pondering is the extent to which the United States can achieve self-sufficiency to partially replace imports, at what cost, and within what timeframe.
This context of uncertainty, which we may refer to as the « tariff crisis », necessitates strategic decisions that traders are familiar with. Want to gain better visibility on the potential of tariffs, the evolution of the metals markets, and to determine which hedging solutions are most appropriate in this environment?"
Watch the webinar presented by Bernard Dahdah, Senior Commodities Analyst; Christopher Hodge, Head US Economist; Amaury Courtial, Global Head of Critical Metals and Mobility; Alina Mauchamp, Commodity Sales; and Richard Gibson, Global Head of Commodity Sales.
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