📉 Why Are Copper Shares Falling So Sharply?

1. Trump’s 50% Tariff Shock 😳 President Trump’s announcement of a 50% import tariff on copper, effective August 1, jolted markets. While US copper futures surged, global exchanges like LME and Shanghai dropped sharply as trade flows were disrupted. 2. Arbitrage Reversal & Oversupply Worries With cross-border copper trade distorted, inventory piled up globally. US Comex warehouses hit a 7-year high, while China saw a rush to offload supply—sparking fears of a temporary glut. 3. Demand Uncertainty Looms Slower global growth, especially in China’s construction and manufacturing sectors, is dampening copper demand expectations—adding more pressure on prices and sentiment. 4. Major Miners Getting Hit 🛑 Copper giants like Freeport-McMoRan, Glencore,

, and are seeing their share prices slide—some down over 10% in a day—as investors brace for tighter margins and reduced export opportunities.