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Benzinga

Business

Piero Cingari

Trump's 50% Copper Tariff Shocks Markets—These Stocks Are Winning Big

copper Donald Trump Adam Turnquist United States Goldman Sachs LME

Macro,Image,Of,Copper,Bar

A surprise 50% import tariff on copper announced by President Donald Trump on Tuesday sent the red metal into a frenzy, driving prices to a historic high of $5.90 per pound as investors rushed to price in potential supply constraints.

U.S.-based copper stocks Freeport-McMoRan Inc. (NASDAQ:FCX) and Southern Copper Corp. (NYSE:SCCO) stand to post outsized gains if copper prices continue climbing.

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Top stories on inkl right now

Sheriff Department Claims 'Deputies Located a Woman Deceased' Amid the Search for Nancy Guthrie

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Pima County deputies found a woman dead from an apparent gunshot wound at a Vail residence on 9 October 2026. A detained man was not charged, and the case remains under investigation

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Human Rights Watch says Senegalese authorities subjected LGBT detainees to HIV tests without consent and used positive results for additional charges during a widening crackdown.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

German minister quits after ‘indecent’ attacks intensify during bereavement

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