Trump's Tariff Threats Send Copper Prices Soaring

President Trump’s threat to impose 50% tariffs on copper imports has caused chaos in copper markets. As a result, copper prices surged and are near a record high. Investors are keeping a close watch on top copper stocks like Freeport-McMoRan (FCX) and Southern Copper Corp. (SCCO). Analysts from Goldman Sachs and Jefferies have varying reactions to the news. Goldman Sachs expects an increase in shipments into the US due to the tariff threat, while Jefferies sees the potential for growth investment in US mines and smelters. The long-term goal may be for the US to be self-sufficient in copper, but foreign mines will still be relied upon for the foreseeable future.

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