Copper Momentum Boosts Capstone Shares Amid Trade Optimism

April 24, 2025 01:34 PM AEST | By Team Kalkine Media

Copper Momentum Boosts Capstone Shares Amid Trade Optimism — Image source: Shutterstock

Tariff Easing Sparks Market Confidence

Investor sentiment turned upbeat following reports that the US government may reduce the existing 145% tariff on Chinese imports. Although no formal policy change has been confirmed, the suggestion alone from the administration sparked hopes of a less hostile trade environment between the world’s two largest economies. This potential easing comes on the heels of earlier comments from former President Donald Trump, who hinted at possible tariff adjustments—comments that markets interpreted as a catalyst for improved global trade flows.

The possibility of scaled-back tariffs would likely encourage industrial activity and boost demand for base metals like copper, which plays a crucial role in construction, electronics, and manufacturing. This backdrop injected a sense of bullishness across commodity and equity markets alike, particularly in sectors closely linked to industrial demand.

Supply Disruption Lends Further Support to Copper Prices

Alongside trade developments, supply-side factors also contributed to copper’s upward trajectory. The Antamina copper-zinc mine in Peru—one of the world’s largest producers—halted operations due to a fatal incident. The temporary closure has stirred concerns over near-term supply constraints, reinforcing price support in global copper markets.

Copper prices edged 0.1% higher to settle at $US9382.50 per tonne on the London Metal Exchange. This added to a more than 2% gain recorded the previous day, further underlining the commodity’s recent strength. Investors tracking the metal’s movement see such gains as a reflection of both immediate supply concerns and longer-term structural demand trends, including the ongoing push toward electrification and renewable energy infrastructure.

Investor Outlook Turns Upbeat for Mining Sector

The recent momentum in copper markets has created favorable conditions for companies like Capstone Copper (C1M), which stand to benefit from both price appreciation and improving market sentiment. As global trade relations and commodity supply chains evolve, eyes remain on key developments that could further influence industrial metal prices and related equities.

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