The Zhitong Finance App learned that on Thursday, McMoRan Copper and Gold (FCX.US) fell nearly 8% in early trading and is now reported at $70.40. According to the news, at around 18:00 p.m. on Thursday, LME copper, which had been rising for many days, suddenly dived. At one point, the intraday decline was more than 3%, and the New York copper also fell by more than 4%. According to media reports citing “two people familiar with the matter,” the White House has yet to decide whether to levy tariffs on refined copper, and officials are weighing the gains and losses on both fronts: rising copper prices may drive up manufacturing costs, but encouraging more domestic mining can also bring benefits.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that on Thursday, McMoRan Copper and Gold (FCX.US) fell nearly 8% in early trading and is now reported at $70.40. According to the news, at around 18:00 p.m. on Thursday, LME copper, which had been rising for many days, suddenly dived. At one point, the intraday decline was more than 3%, and the New York copper also fell by more than 4%. According to media reports citing “two people familiar with the matter,” the White House has yet to decide whether to levy tariffs on refined copper, and officials are weighing the gains and losses on both fronts: rising copper prices may drive up manufacturing costs, but encouraging more domestic mining can also bring benefits.
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