Red metal stocks in green

Copper stocks are up in the green today morning; Hind Copper rose 3.5% to an intraday high at Rs.237; Vedanta rose 2.5% to Rs.273 and Hindalco rose 1.5% to Rs.702.55.
The stock rose due to a combination of tariff announcements and supply concerns:
U.S. Tariff Announcements: President Donald Trump proposed implementing tariffs on copper imports within weeks, earlier than previously anticipated. This move aims to counter China's dominance in the global copper market. The announcement led to a rush of traders importing copper into the U.S. before the tariffs take effect, tightening global supply and driving up prices.
Record Copper Prices: Following the tariff news, copper prices in New York surged to a record high of $5.3740 per pound, reflecting heightened market activity and supply concerns.
In fact Financial Times is carrying a report today which says that the price of copper is likely to set new records this year at $12,000 or more a tonne, according to several of the world’s largest trading houses, lifted by growing global demand and the threat of US President Donald Trump’s trade tariffs. Trading houses Mercuria and Trafigura and hedge fund Frontier Commodities said that they expected the price on the London Metal Exchange to move sharply higher this year. The volume of copper waiting to leave the LME network of warehouses is also close to a four-year high.