[Special Stock] Copper Prices Rise Due to 'Trump Tariffs'... Igusanup's Stock Soars

As U.S. President Donald Trump is expected to impose tariffs on copper following steel and aluminum, copper prices are rapidly rising. This has led to increased buying interest in Igusaneop, a company that produces copper plates, brass plates, and copper alloys using copper as the main raw material.

As of 9:26 a.m. on the 26th, Igusaneop is trading at 5,610 KRW, up 820 KRW (17.12%) from the previous trading day. The stock price is rising on expectations that the increase in copper prices will positively impact profitability.

The London Metal Exchange (LME) copper price surged to about $10,000 per ton on the 25th. Demand increased as there were forecasts that Trump, who already imposed a 25% tariff on steel and aluminum, would also impose tariffs on copper.

The rise in copper prices has a fundamental background of increased demand beyond U.S. tariffs.

Advanced countries such as the United States and the European Union (EU) need to upgrade their aging power grids, which has significantly increased the demand for copper used in electrical wiring.

Commodity trading firms Mercuria and Trafigura, as well as hedge fund Frontier Commodities, have predicted that copper will break its all-time high price this year and surpass $12,000 per ton (approximately 17.5 million KRW).

Igusaneop has an annual production capacity of 60,000 tons, supplying more than 20% of domestic demand. It is a representative basic non-ferrous metal material company used not only in automotive parts but also in semiconductors, electrical and electronic products, from everyday goods to advanced materials.