Hindustan Copper Shares Surge 6% as Copper Prices Hit Record High Amid Trump Tariff Fears

• Hindustan Copper’s shares rose by 6% on March 20, trading around Rs 235 per share.
• Copper prices surged past the $10,000 per ton mark, driven by concerns over potential US tariffs.
• Traders rushed to ship metal to the US in anticipation of tariffs, reducing global supply and pushing up prices.
• US President Trump’s order to investigate copper imports could lead to a 25% tariff on copper by the end of 2025, similar to steel and aluminum duties.
• Copper on the London Metal Exchange hit a 5-month high of $10,046.50 per ton, with prices on New York’s Comex nearing a record.