MM Markets’ analysis indicates that the recently announced U.S. import tariffs on copper semi-fabricates might be unlikely to cause major disruption in the U.S. copper market.
The U.S. semis market is supplied by domestic fabricators, whose feedstock — a mix of domestically produced refined copper, imported refined copper, and recycled copper — face no trade restrictions. This strong domestic production base could be well-positioned to replace imported semis over the medium term.
