The $5 Billion Copper Trap: How One ETF Got Burned By Trump's Surprise Tariff Move
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2025
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Source: Benzinga
Tariff Impact on Copper Prices: President Trump's unexpected 50% tariff on semi-finished copper products, while exempting refined copper, led to a significant drop in copper prices and caused substantial losses for traders who had anticipated broader tariffs.
ETF Performance Decline: The fallout from the tariff announcement negatively affected various copper-related ETFs, including CPER, COPX, and XME, as traders rushed to sell overstocked copper at declining prices, resulting in considerable financial losses.
Analyst Views on PICK
Wall Street analysts forecast PICK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PICK 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.
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Current: 58.180
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Current: 58.180
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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.
