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The latest issue of ALPHA INSIGHTS: Idea Generator Lab is attached for your review.
On Tuesday, July 8th, President Trump announced a 50% tariff rate on copper, double what he had previously floated for the valuable commodity. This would bring tariffs on copper into line with other industrial metals including steel, and aluminum. Trump’s announcement sent copper prices soaring, and the metal posted its highest single-day gain since 1989. The copper futures contract for September closed Tuesday up 13%, at $5.6855 per pound.