Copper-related stocks are showing strong performance. This is interpreted as being influenced by copper prices breaking through an all-time high.
On the 5th, Igu Industrial traded at 5,870 won, up 1,080 won (22.55%) from the previous trading day. Additionally, Poongsan is up 6.77%, and Daewon Cable and LS are also showing upward trends.
On the 25th (local time), copper futures on the New York Commodity Exchange (COMEX) soared to $5.2145 per pound, setting a new all-time high. This is the highest price in 10 months since May 20 last year ($5.1999).
It is interpreted that copper prices surged as traders stockpiled copper amid concerns that U.S. President Donald Trump might impose tariffs on copper imports.
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