Copper prices surged over 10% to a record $12,330/ton after former US President Donald Trump announced a 50% tariff on copper imports. The move triggered a rally in wire and cable stocks like Polycab, KEI, and Finolex. Trump also hinted at 200% tariffs on pharma imports, signalling a renewed wave of protectionist trade actions.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets