The Latest Breaking News from copper

Mining stocks climbed after US President Donald Trump said he would enact a 50% copper tariff in August, sending copper prices higher.

President Donald Trump announced that the United States will impose a 50% tariff on all copper imports starting August 1. The decision threatens to disrupt a global supply chain for one of the key inputs for the American industry and a crucial commodity for the green technology transition.

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.

Market analysts say the surge reflects concerns about supply disruptions and global reshuffling of industrial metals sourcing.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.66%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.83%. September E-mini S&P futures (ESU25 ) are up +0.56%, and September E-mini Nasdaq futures...

When copper prices exploded by more than 13%—marking the biggest single-day gain in history—in response to President Donald Trump‘s latest tariff threat, commodity investors cheered.

This morning, investors seem to be betting that he’ll eventually climb down.

Latest escalation in trade war is expected to push up costs across key parts of US economy

The 50% duty would match the rate placed on steel and aluminium imports. The president also said he plans to impose a tariff of up to 200% on pharmaceutical drugs.