Copper, FCX Stock Plunge On Tariff Report, Surging Yields; Silver, Gold Also Fall

The copper price and shares of S&P 500 copper mining giant Freeport-McMoRan (FCX) turned sharply lower on Thursday morning after a Reuters report cast doubt that the White House would broaden tariffs to cover refined copper. But copper and other metals also tumbled on surging oil prices and Treasury prices. Tariff expectations had helped fuel a new copper price earlier…