Copper miners remain bullish on the metal's future prospects even as a looming 50% U.S. tariff creates short-term price volatility, Barrick Mining Corp CEO Mark Bristow said in Zambia, where the company is expanding its operations.

Sabrin Chowdhury, head of commodities research at BMI, says that there is a huge shortage of copper ore in China at the moment so any rerouting of Chilean copper ore originally heading to the U.S. would be good for China in the short-term,

Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies

Earlier this week, President Donald Trump sent ripples across the commodities sector with the announcement that he will impose a 50% tariff on copper imports. According to a CNBC report, Trump implied that additional sector-specific levies would be just over the horizon.

U.S. President Donald Trump's plans to impose 50% tariffs on copper would include semi-finished products such as those used for power grids, the military and data centers, Bloomberg News reported on Thursday,

Peru kept interest rates unchanged as its economy comes under threat from Donald Trump’s plan for a 50% copper tariff. The central bank held its key rate at 4.5% for a second straight month on Thursday,

President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

Berner agrees that higher copper tariffs will bring up prices for U.S. homebuilders. This would leave them with two options: pass on the additional costs to homebuyers or build less, a move that is likely to exacerbate the country's ongoing shortage.