On September 10, HudBay Minerals fell 8.57% in regular trading, trading at $26.415/share, with turnover of $10.42 million. The sharp decline came amid a broad selloff in copper-linked equities triggered by a sudden plunge in global copper prices.

According to reports citing two sources familiar with the matter, the White House has not yet decided whether to impose tariffs on refined copper. Officials are weighing the risk that higher copper prices could raise manufacturing costs against the potential benefits of encouraging domestic mining. The tariff plan has reportedly stalled as the administration grows increasingly focused on affordability concerns ahead of November midterm elections, with pressure mounting on the Republican Party to demonstrate that its economic policies are reducing rather than raising costs for consumers and businesses.

Copper prices had previously surged to record highs as traders and industrial buyers rushed to stockpile copper in the U.S. in anticipation of potential tariffs. Following the report, LME copper fell over 3.5% and COMEX copper dropped more than 4%. Within the Diversified Metals and Mining sector, Teck Resources fell 7.85%, BHP Billiton fell 5.15%, Rio Tinto fell 3.96%, MP Materials fell 2.16%, and USA Rare Earth fell 1.29%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)