Prysmian shares rise as Trump says he will announce copper tariffs

** Shares in Italy's cable maker Prysmian PRY rise as much as 2.9% after U.S. President Donald Trump said on Tuesday he would impose a 50% tariff on imported copper

** "Tariffs on copper in the U.S. could have a positive effect for Prysmian," said a company spokesperson

** Citi highlights in a note Prysmian as a relative tariff winner

** "Our U.S. business is well positioned thanks to its vertical integration in the copper space, including Encore Wire," the spokesperson says

** Jefferies earmarks in a note copper inflation as generally positive for cable manufacturers, reflected in price increases and benefitting margins specifically in the U.S. low voltage business (electrification)

** According to Citi, its domestic, vertically integrated set-up in copper gives it a competitive edge compared to smaller players

** By 0725 GMT, stock up 2.1%, dropping 1.4% YTD