White House Tariff Decision on Refined Copper Stalls, Copper Stocks Plummet

Copper stocks took a hit on Thursday after a report emerged that the White House has not yet made a decision on refined copper tariffs. The Trump administration is weighing concerns about higher prices, which could increase manufacturing costs, against potential benefits.

The uncertainty surrounding the tariffs led to a decline in copper stocks in pre-market trading. Freeport-McMoRan Inc. (FCX) and Southern Copper Corporation (SCCO) were among the affected companies.

The Reuters report cited concerns about higher prices, which could increase manufacturing costs for US industries. The White House is reportedly considering the potential benefits of tariffs on refined copper imports.