Boliden AB Stock Price Declines Following US Tariff Announcement
Boliden AB, a Swedish materials company, experienced a decline in its stock price on the Swedish Stock Exchange on [date]. The company’s stock price decreased in response to the announcement of new tariffs on copper imports by US President Donald Trump.
Market Reaction
The tariffs, which took effect on Friday, led to a decline in copper prices in the US, with some reports indicating a decrease of up to 18%. As a result, Boliden’s stock price fell, along with other copper-related stocks.
Market Performance
The overall market sentiment was negative, with the OMXS30 index closing down 1.0% on the day. The decline in Boliden’s stock price was not uniform throughout the day, with the stock price experiencing some fluctuations in response to broader market trends.
Key Statistics
- Boliden AB stock price decline: [insert percentage]
- OMXS30 index decline: 1.0%
- Copper price decline in the US: up to 18%