Copper Stocks Under Pressure: Hind Copper, Vedanta, Hindalco Share Price Slip After Trump’s 50% Tariff Warning

Market Performance

Copper-related stocks in India saw notable pressure in early trading on July 9, reacting to a bold trade announcement by US President Donald Trump.

• Hindustan Copper shares fell over 1.8% as of 9:48 AM
• Vedanta and Hindalco Industries also recorded early declines
• The overall sentiment across the metals sector turned cautious amid global uncertainty

This downturn follows a surge in US copper futures, which rose by more than 12% to reach record levels.

Main News: Trump's Copper Tariff Sparks Global Ripples

In a dramatic move, Donald Trump declared plans to impose a 50% tariff on copper imports into the US. The statement was made during a White House cabinet meeting and was followed up by Commerce Secretary Howard Lutnick, who noted that the tariffs could take effect by the end of July or August 1.

Trump's comment:

"I believe the tariff on copper, we're going to make it 50%."

The proposal is part of a broader effort to boost domestic copper production in the US, amid growing industrial demand. Key industries expected to drive copper usage include:

• Data centers
• Electric vehicle manufacturers
• Power and energy producers

This aggressive policy stance sent US Comex copper futures soaring, but on the other hand, LME copper, the global benchmark, recorded a decline due to fears of supply disruption.

Company Details: Hind Copper, Vedanta, & Hindalco React

Indian metal giants, particularly those with exposure to the copper segment, were quick to reflect the global cues:

• Hindustan Copper (Hind Copper): The stock dropped 1.8% during morning trade.
• Vedanta: The company also experienced a downward movement as investor sentiment turned cautious.
• Hindalco: Declined in early trade hours as the copper tariff news spooked the markets.

These companies are often influenced by international price movements, particularly given the significant role of copper imports and exports in their operations.

Summary of the Article

• US President Trump unveiled plans to impose a 50% tariff on copper imports — a rate that far exceeds market expectations.
• US Comex copper futures jumped 12%, hitting record highs.
• Indian copper-related stocks, including Hind Copper, Vedanta, and Hindalco, fell in early trade on July 9.
• The global copper market remains volatile, with LME copper showing signs of weakness amid concerns about trade disruptions.
• The situation is evolving, and markets are closely watching for more details, expected soon, regarding Trump's Truth Social post.