Copper Stocks Sink as White House Tariff Uncertainty Spooks Traders
Copper future and related stocks plunged on Thursday morning after a Reuters report said that the White House's "copper tariff plan stalls amid affordability concerns." The Trump administration has yet to decide whether to impose tariffs on refined copper, sending copper prices around the world to r
Source: OilPrice.com
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DW NOTE
The Strait of Hormuz is effectively closed — six ships through on September 6 versus the normal eighty-five per day — and copper miners sell off on tariff chatter. The market is pricing the second-order risk while ignoring that 20% of global trade can't move and fuel costs have spiked 22% in a month.