Freeport-McMoRan rises; Trump to impose 50% tariff on copper
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Shares of U.S. copper miner Freeport-McMoRan FCX.N rise 3.58% to $47.22 premarket
U.S. President Donald Trump on Wednesday announced a new 50% tariff on copper to start on August 1
J.P.Morgan analysts in a note said FCX is their "top pick" and should be a "core holding" for those seeking copper exposure
JPM hikes PT on the stock to $56 from $42, which is a 22.83% upside to its last close
FCX up ~20% YTD
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