📢 Copper Prices Surge After Trump’s Tariff Move
Following Donald Trump's announcement of a 50% tariff on copper imports, U.S. copper prices skyrocketed by 13%, hitting an all-time high of $5.69 per pound 🧨
🌍 Impact:
🇨🇱 Chile, the world’s largest copper exporter, is now under pressure as its U.S. shipments face restrictions
🇺🇸 The U.S. aims to boost domestic copper production — but lacks the infrastructure and reserves to be self-sufficient
📦 What’s Next?
Chile and other exporters are expected to push for new trade agreements to soften the impact
Global copper supply chains may shift — and volatility in commodity markets could increase sharply
📈 Traders are already eyeing copper stocks, futures, and mining tokens. Expect spillover effects in related sectors.
🛑 Disclaimer: This content is for informational purposes only and not financial advice.
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