Copper tariffs offer mixed blessing for industry

Copper tariffs offer mixed blessing for industry

From miningmx.com

US copper tariff threats have created a lucrative windfall for Freeport-McMoRan Inc., America’s largest copper producer, though the company’s CEO warns that comprehensive trade barriers could ultimately damage the very industry President Donald Trump seeks to strengthen. “If global growth is disrupted, that could lead to an impact on copper prices,” CEO Kathleen Quirk told Bloomberg News during an interview at the company’s Phoenix headquarters. “Ironically, if we’re trying to build up the US copper industry, slowing GDP growth and inflation could put a lot of pressure on mines here.” The tariff ... (full story)

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