Trump 2.0 Trade Policies Could Hit Copper Stocks Harder, Warns JPMorgan Analyst
Portfolio Pulse from Surbhi Jain
JPMorgan analyst warns that potential Trump 2.0 trade policies could significantly impact copper stocks like Freeport-McMoRan and Teck Resources. Increased tariffs on Chinese imports could disrupt global copper demand, affecting related stocks and ETFs.
October 15, 2024 | 3:16 pm
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NEGATIVE IMPACT
Global X Copper Miners ETF could face pressure if Trump 2.0 policies lead to higher tariffs, affecting copper miners' stocks.
COPX tracks copper miners, which could be negatively affected by increased tariffs and reduced demand, impacting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The United States Copper Index Fund ETV could see volatility if Trump 2.0 policies increase tariffs, affecting copper prices and demand.
As a copper index fund, CPER's performance is tied to copper prices, which could be negatively impacted by increased tariffs and reduced demand.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Freeport-McMoRan may face significant challenges if Trump 2.0 policies increase tariffs on Chinese imports, potentially disrupting global copper demand.
Freeport-McMoRan is a major player in the copper market. Increased tariffs could lead to reduced demand and lower prices, negatively impacting FCX's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Teck Resources could experience a downturn if Trump 2.0 policies lead to higher tariffs on Chinese imports, affecting global copper demand.
Teck Resources, involved in copper mining, could see reduced demand and lower prices due to increased tariffs, impacting its stock negatively.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85