The spike in US copper prices absolutely would impact the global...

The spike in US copper prices absolutely would impact the global market. it’s not just a short-term hoarding effect. When COMEX trades at a premium to LME (as it is now), traders physically redirect copper into the US to capture arbitrage, which directly drains LME inventories. Look at the current LME stock… it’s down over 45% almost just the last month. That tightens supply globally, not just locally.

As for tariffs, they raise US prices and shift trade flows, which actually benefits non-targeted exporters like KGL. And while uncertainty exists, higher copper prices are the single most important factor for funding and project viability. Right now, copper is likely to keep surging from low stock especially with major mine closures, and that’s a net positive for juniors like KGL.

don’t seem to see the link between your so called “only short term hoarding” and the fact that LME STOCK is rapidly decreasing. Simple supply and demand economics tells us prices will therefore rise…