Trump Says 50% Copper Tariff To Take Effect Aug. 1
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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.
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.
Trump ordered an earlier investigation into possible tariffs on copper imports, arguing global competitors could pose a threat to national security and economic stability.
President Trump wants America to produce more of the much-needed mineral, but a 50 percent tariff could undermine his aim of a manufacturing renaissance.
Codelco posted a 9% production increase in the first half compared with a year earlier, signaling that the world’s biggest copper supplier is on track in its recovery efforts.
Hindustan Copper partners with Codelco to increase copper production from 3.47 to 12 million tonnes by FY 2030-31, focusing on exploration and capacity building at its Malanjkhand project.
SANTIAGO (Reuters) -Chile, the world's No. 1 copper producer, is in wait-and-see mode after U.S. President Donald Trump announced a surprise 50% tariff on imports of the red metal, with the Andean ...
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ET EnergyWorld on MSNIndia to woo foreign copper miners, expand ties, government document showsIndia aims to enhance its copper output by encouraging foreign investment in smelting and refining, addressing rising import needs projected through 2047. The government plans to collaborate with global miners to secure copper supplies amidst tightening global markets.