Copper Market Reacts to Trump Tariffs: Downgrades, New Mines, and Rising Theft Concerns
TL;DR Summary
Copper prices surged due to tariffs, boosting mining stocks like Freeport-McMoRan and Southern Copper, but recent analyst downgrades citing macroeconomic concerns and valuation issues have led to declines in their shares, with expectations of falling copper prices and sluggish demand in the near future.
Topics:business#analyst-downgrades#business#copper-prices#freeport-mcmoran#mining-stocks#southern-copper
- Copper Stocks Freeport-McMo-Ran and Southern Copper Downgraded. A Case to Sell. Barron's
- The Race Is On to Build U.S. Copper Mines After Trump Pledges Higher Tariffs - WSJ The Wall Street Journal
- Trump’s 50% Copper Tariffs Jolt US Market as Buyers Slash Imports and Delay Orders Bloomberg
- St. Paul solar energy business shares concerns over Trump copper tariff announcement CBS News
- Copper theft may increase as price of copper jumped 13% after Trump tariffs ABC30 Fresno
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