Previously, the market bet that the US might include refined copper in the scope of tariffs, driving the price of copper in New York to continue to rise compared to the London market, and prompted traders to ship and reserve copper to the US in advance. However, according to market information, the US White House's latest statement did not confirm the refined copper tariff arrangement previously anticipated by the market, pushing investors to lower their expectations for the recent expansion of copper tariffs. New York copper futures fell about 4.8% intraday on Thursday, falling back from a record high of 6.89 US dollars per pound set this week to about 6.54 US dollars, and the Freeport McMoran stock price once fell more than 7%.

Previously, the market bet that the US might include refined copper in the scope of tariffs, driving the price of copper in New York to continue to rise compared to the London market, and prompted traders to ship and reserve copper to the US in advance. However, according to market information, the US White House's latest statement did not confirm the refined copper tariff arrangement previously anticipated by the market, pushing investors to lower their expectations for the recent expansion of copper tariffs. New York copper futures fell about 4.8% intraday on Thursday, falling back from a record high of 6.89 US dollars per pound set this week to about 6.54 US dollars, and the Freeport McMoran stock price once fell more than 7%.