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Copper Prices Tumble Amid Tariff Concerns
Copper prices on New York’s Comex experienced a significant slump following comments from Chilean Finance Minister Mario Marcel regarding a proposed US tariff on the metal. Marcel indicated that Chile would actively seek an exemption from the planned tariff. Copper prices fell as much as 6.2 per cent, reaching $US5.4265 a pound, before recovering slightly. The United States relies on imports for approximately half of its copper supply, with Chile being the primary source. The copper market is currently on edge due to an impending August 1 tariff deadline set by former President Donald Trump. Earlier this month, ... (full story)
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From anewz.tv | Jul 28, 2025
Chile’s Finance Minister Mario Marcel said on Monday that the issue of U.S. copper tariffs is expected to be addressed during broader trade talks taking place in Washington this week. Speaking to local radio station Duna, Marcel said Chile would push for any copper tariffs to be handled as part of a comprehensive trade agreement with the United States. ...
President Donald Trump said Monday that he will likely implement a blanket tariff between 15 and 20% on imports to the United States from countries that have not negotiated separate trade agreements. “For the world, I would say it’ll be somewhere in the 15 to 20% range ... I just want to be nice,” Trump said in Turnberry, Scotland, alongside United Kingdom ...
From bbc.com | Jul 29, 2025
A leading North American mining entrepreneur, who wants to open his own US copper mine, has welcomed plans for a 50% tax on copper imports. Robert Friedland, the billionaire founder of Vancouver-based Ivanhoe Mines and Ivanhoe Electric, told the BBC the tariffs would help re-establish the US copper mining industry. US President Donald Trump has already ...
