TMC (TMC) saw a 9.25% increase in share prices to $6.85 following President Trump’s 50% tariffs on copper imports, aiming to boost US copper production vital for electric vehicles, military equipment, and consumer goods.

Wedbush upgraded TMC to “outperform” with a $11 price target, citing Trump’s executive order that could allow TMC to enhance production in the Clarion Clipperton Zone, bypassing the International Seabed Authority.

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Read more at Yahoo Finance: TMC (TMC) Rallies 9.25% as Investors Cheer Copper Import Tariff