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Antofagasta CEO warns trade war threatens copper demand but sees tech growth as a lifeline

From invezz.com

The escalating US-China trade war is raising alarms across global industries, and copper is no exception. Ivan Arriagada, CEO of Chile’s Antofagasta, recently warned that rising tariffs could have a long-term negative impact on copper demand, posing risks to the construction industry and the ongoing transition to a green economy. Speaking at the CESCO copper conference in Santiago, Arriagada highlighted that President Donald Trump’s newly announced tariffs are driving greater financial market uncertainty. This uncertainty has already caused copper prices to slump sharply, with futures falling below $4.20 per pound, ... (full story)

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  • Category: Fundamental Analysis