Reported about 8 hours ago
TMC the metals company Inc. (NASDAQ:TMC) saw its shares surge by 9.25% to $6.85 as investors reacted positively to President Trump’s announcement of a 50% tariff on copper imports. This tariff is expected to enhance US copper production, thereby benefiting TMC by reducing competition and enhancing pricing power. Additionally, Wedbush upgraded TMC's rating to 'outperform' with a new target price of $11, citing strong government support as a key factor for growth opportunities in the Clarion Clipperton Zone.
Source: YAHOO