London-listed miners popped Thursday with the coppor market in turmoil, as investors digested better economic news from China.

U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,

President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, lifting the premium to roughly one quarter. Copper futures mainly trad

While the cost of copper is going up for American businesses and consumers, the rest of the world is scratching its head while it enjoys a considerable discount on the price of copper.

The U.S. accounts for less than 10% of global refined copper demand, but the anticipated tariffs have distorted global trade flows, UBS said. As traders chased the premium between U.S. and London copper prices, copper was diverted from major markets like China and Europe, leading to tighter supply in those regions.

Fears of an upcoming 50% copper tariff have caused a spike in copper prices in the US, though the red metal’s price is falling elsewhere

The London copper market remains in a historic squeeze, as a critical shortfall in available inventories drives prices to near-record levels and leaves buyers paying huge premiums for spot metal.