White House copper tariff plan stalls, copper futures drop 3%
The White House's copper tariff plan has stalled amid affordability concerns, according to sources. Copper futures fell about 3% within an hour of the news, with Freeport-McMoRan down 8.7% and Southern Copper down 7.1% pre-market.
Detected & updated continuously · Source: Nebula
Sources
@Reuters
White House copper tariff plan stalls amid affordability concerns, sources say https://t.co/B8v2F6DTbT https://t.co/B8v2F6DTbT
@crypto__asad
Copper futures crash 3% in 60 minutes as the White House stalls its copper tariff decision. #Markets #Finance #CopperPrice #Investing #WallStreet https://t.co/tzlnYQ1v6F
@schaeffers
Freeport-McMoRan $FCX -8.7% before the bell, while Southern Copper $SCCO -7.1% amid falling copper prices. Since the start of the year, both stocks are up roughly 50%.