US Copper Prices Surge to Record
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Chilean copper mines had their best month of export revenue in more than three years in June, with the increase in value outstripping price gains in a sign of rising production.
The price of U.S. copper futures hit a record high after Mr. Trump told reporters at the White House that a 50 percent tariff on the metal was imminent.
Mark Bristow, CEO of Barrick Mining Corp, reiterated the copper miners' bullish outlook on the metal's future in Zambia.
President Donald Trump said he planned to implement a 50% duty on copper imports as part of a set of looming sectoral tariffs, while also indicating he could offer pharmaceutical manufacturers at least a year before applying a crippling 200% tariff on their foreign-made products.
A $14 billion investment will boost copper production in Chile amid a surge in global demand. Escondida mine expansion aims for a stabilized output of 1.4 million tons annually by 2031. From ...
Chile, the top global copper producer, is assessing the impact of a 50% tariff enforced by the U.S. President Trump. Officials are concerned about which copper products are affected and potential exemptions.
A Chilean startup backed by BHP Group has delivered its first copper cathodes from a demonstration plant at a mine site in northern Chile as the industry looks to squeeze out more metal from lower ...