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Freeport-McMoRan sank 8% and Southern Copper fell 7% after White House tariff uncertainty erased a record copper rally in a single session.
The Global X Copper Miners ETF dropped 7% while the S&P 500 fell only 0.7%, confirming the damage is entirely concentrated in copper names.
Despite today's slide, FCX, SCCO, and TECK remain up 40%, 42%, and 36% year to date, so the trend hasn't broken yet.
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