Freeport McMoRan, Southern Copper Stocks Jump. Trump Reveals 50% Tariff Start Date. - Barron's
1. A 50% tariff on copper imports announced, effective Aug. 1. 2. Copper prices spiked 9% this week, nearing 40% gains this year. 3. FCX shares rose 22% to $46.50 following tariff news. 4. Domestic production may take years to respond to tariff changes. 5. Scarcity of copper supplies is expected, influencing future pricing.