President Trump signed a proclamation on April 2, 2026, to overhaul Section 232 copper tariffs. The new policy shifts to a full customs value basis effective April 6, 2026. Tariffs will reach 50% on pure metal articles. The overhaul includes derivatives with over 15% metal content. These derivative articles face a 25% tariff. Domestic producers support the change despite potential increases in import costs.
The Global X Copper Miners ETF (COPX) last traded at $76.71 in after-hours sessions on April 3. This price represents a 0.20% decline from the April 2 close. The fund finished the April 2 session at $76.86. COPX recorded a 1.65% loss during that trading day.
Stability reflects tariff anticipation offsetting broader market caution from Iran tensions. Weak futures and geopolitical energy volatility continue to influence the sector. Price movements currently align with policy-driven boosts across the copper industry.