Jul. 10 at 10:56 AM
$HDRSF
🧱 Macro-Fundamental Analysis: Copper Landscape – July 2025
🔥 Key Catalyst:
Trump Tariff Announcement (July 9, 2025):
50% tariff on imported copper, aimed at stimulating U.S. domestic production.
This move is inflationary and supportive of U.S. copper prices.
The U.S. imports a large portion of refined copper — this makes domestic miners (e.g., FCX) more competitive.
Freeport-McMoRan (FCX) and Rio Tinto (RIO) are direct beneficiaries due to their U.S.-based operations (mainly in Arizona).
🏭 Supply & Demand Dynamics:
Aspect Impact from Tariff
🏗️ U.S. Production Incentivized to expand / ramp up
🌍 Imports Will decrease due to costlier tariffs
🛠️ U.S. Industry Construction, EV, and defense sectors may face higher costs
🧾 Inflation Potential upstream pressure from rising raw material costs
🎯 Additional Trade Notes
🧭 Sector Rotation Watch:
Copper strength may spill over into materials (XLB) and industrial (XLI) sectors