The commodity companies are preparing for $ 300 million in the definition trade of US copper

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Trafigura, Mercuria, Glencore and IXM can earn a bumper of more than $ 300 million after the shipping record in copper amounts in the United States before definitions of the metal.

The merchants of goods are at the forefront of the trend in which huge quantities of copper are brought to the United States, where the widening price gap with the international standard created an opportunity for profitable arbitration.

American copper prices increased by 13 percent within minutes of President Donald Trump’s announcement on Tuesday that the United States will review by 50 percent on the customs duties on copper, twice the expected level, from August 1.

They are now 28 percent higher than the London Metal Stock Exchange, making merchants Pont – at the essence of the purchase at LME, shipping to the United States and selling it at the American Comics price – one of the most profitable metal deals in recent decades.

While analysts are asking about the effect of a copper tariff on the United States manufacturers, basic commodity trading companies have appeared as winners in clear companies.

A huge copper stock was built in the United States this year after shipping commercial homes in large quantities with the opportunity to swim.

Trafigura, Mercuria, Glencore and IXM have brought about 600,000 tons of “excess” copper that has been applying for natural demand since the elections in November, according to the marketing persons in the market.

“For months, copper traders around the world took Pont that the Trump Stadium of their market was real, not faded. They were right, and their collective salaries were amazing,” said Tom Price, an analyst at Panmure Liberum.

“Since a lot of metal has been sent to the United States, the rest of the copper market in the world has absorbed,” said one of the traders.

Although precise profits vary greatly depending on the trade structure, conservative conservatives account at the level of Emiratisation shows that 600,000 tons of four companies will make profits of $ 312 million.

The average difference between LEME and Comex has been taken since February, when US copper imports were chosen, and a total cost of $ 500 per ton has made a profit of about $ 520 per ton, according to FT accounts and information from the market participants.

Trafigura, usually the largest copper supplier to the United States, has brought about 200,000 tons, according to the market participants. At the same time, the Swiss -based Mercuria will bring nearly 200,000 tons by the end of the month, according to people who have knowledge of the issue.

Glencore, whose copper is produced as well as the trading of the metal, brought between 100,000 and 200,000 tons, while IXM brought more than 50,000 tons.

The copper stock collected in the United States is only the latest cessation of a market for goods that Trump’s identification policies have established, after gold and aluminum had a similar accumulation earlier this year.

One of the most defenders of the trading opportunity is Mercuria, who quickly expanded the mineral office over the past two years.

Kostas Bintas, President of Mercuria’s Metals, told March that “copper is going through one of the most exceptional periods of history today” due to the extraordinary flows to the American market.

Trafigura, Glencore, Mercuria and IXM rejected the suspension.

Additional reports by Keith Fry and Clara Murray