Copper Jumps in New York as Trump Opens Door to New Levies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
0mins
Source: Bloomberg
Copper Futures Rise: Copper futures increased by 2.4% following President Trump's executive action to investigate potential tariffs on the metal, impacting global supply chains and US copper miners' shares positively.
Trade Expansion Act Investigation: The investigation will be conducted under Section 232 of the Trade Expansion Act, which allows the president to impose trade restrictions for national security reasons, alongside existing tariffs on steel and aluminum set to begin in March.
Analyst Views on COM
Wall Street analysts forecast COM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 30.951
Low
Averages
High
Current: 30.951
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
