Copper Arbitrage Trade Becomes Real-Time U.S. Tariff Risk Gauge
Copper futures hit a record high near $6.90 per pound last week, while an arbitrage trade in the industrial metal is now acting as a live measure of U.S. tariff risk.
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Copper futures reached a record high of almost $6.90 per pound last week, extending a rally that has lasted more than a year. The industrial metal is often treated as a broader economic barometer because of its use in construction, electronics and transportation.
A specialist arbitrage trade on the metal is now evolving into a real-time gauge of U.S. tariff risk, according to the post.
Source: First Squawk