<ul data-eligibleForWebStory="false"><li>Trump's announcement of a 50% tariff on copper imports led to soaring copper prices to record highs this week.</li><li>Morgan Stanley has identified two companies, Freeport-McMoRan and Southern Copper Corporation, likely to benefit from the new duties on copper.</li><li>Freeport-McMoRan is seen as well-positioned due to its strong connections to COMEX options and futures market, while Southern Copper Corporation is expected to benefit from higher tariff pricing without needing to pay a tariff on Mexico COMEX contracts.</li><li>Trump's remarks caused copper prices to surge, impacting sectors such as building construction, equipment manufacturing, and electric vehicles.</li></ul>

Trump sent copper prices soaring to records with talk of new tariffs. Morgan Stanley flags 2 companies set to benefit.

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