Imminent End to Government Shutdown Boosts Industrial Metal Prices

Prices of many industrial metals, including copper and aluminum, have ticked upwards after it was confirmed that the U.S. Senate had passed a bill to re-open the government. This bill has now been sent to the House of Representatives for consideration before it goes to Trump’s desk for signing.

The longest shutdown was triggered by demands from Democratic Senators that healthcare subsidies be extended beyond the end of this year. The GOP wasn’t having it, and the spending bill was held up until an agreement could be reached on this contentious issue.

Over the weekend, a group of moderate Democrats decided to back a bill that doesn’t offer an outright promise to extend the lifespan of the healthcare subsidies. Instead, the bill offers a guarantee that a vote on the matter will be held next month. There is no telling whether that vote will keep the expiry timeline contained in the Big Beautiful Bill or extend the lifetime of the subsidies.

When the bill to end the shutdown was passed, the market for industrial metals was boosted. Aluminum gained 1.1% in early trading as the week started and reached $5,031 a pound on COMEX. On the LME, copper also saw its price tick upwards by 0.8% to sell at $10,798 a ton.

As markets continue to react to the upcoming end to the longest-ever shutdown of the government, traders of copper are rushing to make shipments of the metal to the U.S. This comes amid concerns that the Trump administration is weighing the re-imposition of tariffs on imports of refined copper. This possibility has caused shipments of the metal to trade at a premium as speculators rush to have as much copper frontloaded as possible just in case tariffs further drive up prices of the metal.

Just when markets were beginning to settle from the tariff rollercoaster they were subjected to earlier this year, Trump is likely to throw another spanner in the works. Last time round, traders were caught off-guard when the president didn’t include refined copper when he announced import tariffs on the metal. Many traders ended up re-shipping the metal to other markets since the lucrative deals they had expected to make went up in smoke.

It is not clear whether their current rush to ship the red metal to the U.S. ahead of any possible tariffs has factored in the “Trump factor”, a realization that the President can act in unexpected ways or shift his position in a heartbeat.

Entities like Torr Metals Inc. (TSX.V: TMET) engaged in copper exploration in North America will be following the plan to revisit the possibility of imposing tariffs on refined copper shipped into the U.S. and what implications such a decision would have.

NOTE TO INVESTORS: The latest news and updates relating to Torr Metals Inc. (TSX.V: TMET) are available in the company’s newsroom at https://ibn.fm/TMET

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