$Freeport Mcmoran(FCX.US) fell nearly four points, and $Global X Copper Miners(COPX.US) followed with a drop of over two points. Copper prices are waiting for the U.S. Commerce Department's Section 232 tariff report. Uncertainty is weighing down, putting pressure on both copper and copper mining stocks. There's an anomaly here: if Section 232 leans towards imposing tariffs on imported refined copper, domestic U.S. copper should actually benefit. So why are copper mining stocks falling first? It appears the market is initially discounting based on 'uncertainty.' Only after tariffs are actually imposed and the supply landscape becomes clear will pricing shift back towards the beneficiaries. The initial selling is about risk, not the final outcome.