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Trump Tariff Fears Spark Disconnect in Silver and Copper Markets

ByVictoria

“Investors around the world have started the year looking for protection against sticky and potentially rising inflation, fiscal debt worries and the unpredictability of Trump,” said Ole Hansen, head of commodities strategy at Saxo Bank. 

“The market is sleepwalking into a squeeze right now,” Daniel Ghali, senior commodity strategist at TD Securities, said in an interview. “People are completely disregarding this risk.”

Source – Bloomberg / Yahoo Finance

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    Freeport McMoRan may get approval from Indonesian government

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    Indonesia’s government may allow Freeport McMoRan (NYSE:FCX) to export ~1M tons of copper concentrate, Energy and Mineral Resources Minister Bahlil Lahadalia said Friday.

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    Copper safe from tariffs

    ByVictoria
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    The red metal, along with pharmaceuticals, semiconductors and lumber, earns an exemption from “reciprocal” tariffs on most goods entering the U.S.

    Referred to in a White House fact sheet as “responsive tariffs,” President Trump spells out the rationale for and specific examples of other nations’ tariffs in that April 2 fact sheet, fully titled “Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security.”

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    “Copper, pharmaceuticals, semiconductors and lumber articles”

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