Trump says 50% copper tariff to take effect Aug. 1
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Patricia Barreto, a senior base metals analyst at S&P Global Commodity Insights, said that a 50% tariff on copper imports by the US would "severely disrupt existing trade flows" as exporters would divert shipments away from the US.
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Tuko News on MSNCopper giant Chile awaits 'official' news on US tariff raiseChile, the world's biggest copper producer, said Wednesday it was awaiting an "official" follow-up on US President Donald Trump's announcement of a 50 percent tariff on imports of the metal. State-owned copper giant Codelco,
Chile, by far the biggest shipper of copper into the US, is waiting for details to emerge following President’s Donald Trump’s bombshell comments on tariffs.
Research agency BMI expects global copper mine output to grow by 2.5% year-on-year for 2025, supported by recovering production in Chile and an ongoing ramp-up of the Oyu Tolgoi mine, in Mongolia. Global copper production will also see strong contributions from Peru,
The US announced a 50 percent tariff on copper imports on Wednesday, which will go into effect on August 1. Many analysis reports pointed out that the US still relies on copper imports and it takes a long time to build up copper production capacity at home.
US President Donald Trump on Tuesday announced a 50% tariff on copper imports and stated he was considering a 200% tariff on pharmaceutical products if manufacturers do not move their operations to the United States.
Hindustan Copper Ltd (HCL) is focusing on copper exploration and production through global collaborations as it seeks to ramp up its mining capacity from 3.47 million tonnes to 12 million tonnes per annum by FY 2030-31,
Hindustan Copper Ltd (HCL) is focusing on copper exploration and production through global collaborations as it seeks to ramp up its mining capacity from 3.47 million tonnes to 12 million tonnes per annum by FY 2030-31,
Potrerillos is one of Codelco’s three remaining smelters after the world’s biggest copper supplier shut its Ventanas plant in 2023 over environmental concerns. Potrerillos has running costs that are double the global average, according to industry estimates, and may struggle with stricter emission rules.