Copper's positive, long-term trajectory unchanged despite US tariff, Barrick CEO says
From miningweekly.com
Copper miners remain bullish on the metal's future prospects even as a looming 50% US tariff creates short-term price volatility, Barrick Mining Corp CEO Mark Bristow said in Zambia, where the company is expanding its operations. US President Donald Trump said on Wednesday he would impose the new copper tariff from August 1 to promote domestic development of an industry critical to defence, electronics and automobiles. The announcement propelled US Comex copper futures to an all-time high. But analysts predict prices outside the US could be dragged down as countries like Chile, the world's top copper producer and the ...
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