For copper tariff beneficiaries to remain good investments, their business cases must work at $425-450 copper (near current prices) rather than being dependent on the tariff premium that would bring prices to $550+.
normativepending
Speaker
Matt GuygerEvidence Quote
“if I were in any of these investments, I would want to make sure that my thesis didn't didn't hinge on this 50% tariff... make sure it works at, you know, 450 or 425 copper”
Source
Grant Williams and Matt Geiger: Investing During Crises and Navigating a Spirited Metals Market— CLEAR COMMODITY NETWORKCreated: 8/11/2026, 7:24:12 AM
My Notes
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