Copper prices have soared as the U.S. threatens tariffs on the metal and China boosts its economy [BNN Bloomberg (Canada)]

Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: BNN Bloomberg
Buyers in the U.S. have been stocking up on copper ahead of potential tariffs. Future prices for the base metal hit US$5.21 per pound on Tuesday. Prices are up about 30 per cent so far this year, following modest gains over the last several years. U.S. President Donald Trump has threatened to impose a tariff of up to 25 per cent on all copper imports and has called for increasing U.S. production. China, the world's largest importer of copper, is embarking on a stimulus program that could further increase demand for the base metal. “Tariff threats, tightening supply, and stimulus-fueled optimism for an economic rebound in China have underpinned a rally in copper.” said Adam Turnquist, chief technical strategist for LPL Financial. Copper is critical to energy in
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- Watch CNBC's full interview with Freeport-McMoRan CEO Kathleen Quirk [CNBC]CNBC
- Freeport McMoRan CEO Kathleen Quirk: We provide 70% of the copper mined in the U.S. [CNBC]CNBC
- Freeport-McMoRan Inc. (NYSE: FCX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Freeport Provides First-Quarter 2025 Operational UpdateBusiness Wire
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