Trump says 50% copper tariff to take effect Aug. 1
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RIC:COBRE.UL] ticked up some 16.5% year-over-year in May, data from copper commission Cochilco showed on Thursday, climbing to 130,100 metric tons.
This year, BMI estimates global copper mine output to rise 2.5% as production in Chile recovers and the giant Oyu Tolgoi mine in Mongolia ramps up. Those in Peru, Russia and Zambia will also remain among the major contributors, it adds.
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.
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.
Chile, 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,
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,
Chile's Codelco, the world's top copper miner, reported an 18% year-on-year drop in its first-quarter copper output on Thursday, as unions at its Chuquicamata mine announced they would hold talks ...
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.