Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Aluminum Tariffs Are Reshaping Base Metal Flows
Hosts Lucas and Luna drill into the surprising ripple effects of the new 25% U.S. tariff on Brazilian goods. While the headline targets trade practices, the real story is in base metals — specifically aluminum and copper. Brazil is the third-largest supplier of unwrought aluminum to the U.S., and this tariff threatens to reroute global metal flows, lift Midwest premiums, and widen the LME-CME spread. Lucas breaks down why copper is surging past $6.39 while gold lags near $4,029, and how commodity traders are already arbitraging the dislocation. Luna presses on whether this is a one-off shock…
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