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Category: Copper

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs 1 International Copper Economy 

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

Constance
Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here
Jubilee Metals Makes Major Strides in Zambian Copper Expansion 2 Mining in Zambia Copper Corporate News Economy 

Jubilee Metals Makes Major Strides in Zambian Copper Expansion

Constance
Jubilee Metals Reports Strong Copper Growth in Zambia, Eyes 10,000t Boost in 2026 Amid Strategic Asset Expansion Diversified metals producer Jubilee Metals has announced substantial progress across its copper operations in Zambia, marking a critical milestone in its long-term copper expansion strategy. According to CEO Leon Coetzer, all essential assets are now in place to maintain momentum and drive sustainable growth. Jubilee’s Zambian strategy draws on the company’s extensive processing experience from its South African chrome and platinum group metals (PGM) operations, which are currently in the final stages of… Read More Here
One Dead, Five Missing After Earthquake Triggers Collapse at Chile’s El Teniente Copper Mine 3 International Copper Mining safety 

One Dead, Five Missing After Earthquake Triggers Collapse at Chile’s El Teniente Copper Mine

Constance
El Teniente Mine Collapse: One Dead, Five Missing After 4.2-Magnitude Earthquake Hits Codelco Site One worker has died and five remain missing following a structural collapse at the Andesita project within Codelco’s El Teniente copper mine, after a 4.2-magnitude earthquake struck central Chile on Thursday evening. The mine, located 75 km southeast of Santiago, is the world’s largest underground copper operation. State-owned copper giant Codelco confirmed the death of Paulo Marín Tapia and reported that nine other workers sustained injuries, though none were life-threatening. Rescue efforts have been hampered due… Read More Here
Trump Imposes 50% Tariff on Copper Imports to Boost Domestic Industry 4 International Copper 

Trump Imposes 50% Tariff on Copper Imports to Boost Domestic Industry

Constance
Trump Enacts 50% Tariff on Copper Imports Starting August 1 to Strengthen U.S. Industry and National Security U.S. President Donald Trump has signed a proclamation imposing a 50% tariff on a wide range of copper imports, including semi-finished products such as pipes, wires, rods, sheets, and tubes. The new tariff, effective August 1, is intended to strengthen the domestic copper industry and address national security concerns. According to a White House fact sheet, the tariff applies specifically to semi-finished and copper-intensive derivative products, such as pipe fittings, electrical connectors, cables,… Read More Here
Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper 5 International Copper Corporate News 

Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper

Constance
Vedanta Misses Profit Forecasts as Lower Aluminium and Copper Prices, Higher Taxes Weigh on Earnings Indian conglomerate Vedanta Ltd. fell short of quarterly profit expectations for the three months ending June 30, as declining aluminium and copper prices along with higher tax expenses outweighed gains from strong domestic demand. Despite reporting a 6.2% year-on-year increase in total revenue to ₹374.34 billion ($4.3 billion), Vedanta’s consolidated net profit dropped to ₹31.85 billion, down from ₹36.06 billion during the same quarter last year. Analysts polled by LSEG had expected a profit of… Read More Here
Glencore Boosts Copper-Equivalent Output by 5%, Targets $1 Billion in Cost Cuts by 2026 6 Copper Corporate News 

Glencore Boosts Copper-Equivalent Output by 5%, Targets $1 Billion in Cost Cuts by 2026

Constance
Glencore Reports 5% Rise in Copper Equivalent Output, Unveils $1 Billion in Cost-Saving Opportunities Diversified mining giant Glencore reported a 5% year-on-year increase in copper equivalent production for the six months ending June 30, 2025, driven by the integration of Elk Valley Resources’ steelmaking coal volumes. According to the Johannesburg Stock Exchange-listed company, steelmaking coal production totaled 15.7 million tonnes, with 12.7 million tonnes contributed by Elk Valley Resources in Canada. Australian steelmaking coal output fell 12% to 3 million tonnes, primarily due to a temporary suspension at Oaky Creek… Read More Here
Codelco Chairman Welcomes U.S. Decision to Exclude Copper Cathodes from Tariffs 7 International Copper Corporate News 

Codelco Chairman Welcomes U.S. Decision to Exclude Copper Cathodes from Tariffs

Constance
Codelco Applauds U.S. Tariff Exemption on Copper Cathodes: Positive News for Chilean Exports The chairman of Codelco, the world’s largest copper producer, expressed optimism on Wednesday regarding the United States’ decision to exclude copper cathodes from newly proposed tariffs. “A preliminary reading suggests that tariffs will not be applied to copper cathodes, allowing us as a country to continue supplying that market,” said Máximo Pacheco, chairman of Chile’s state-owned mining company, in an interview with Reuters. “It’s good news for Chile and for Codelco.” Chile is not only the world’s… Read More Here
Hercules Metals Secures Major Expansion of Leviathan Copper Belt with Barrick Gold Deal in Idaho 8 International Copper New Mining Projects 

Hercules Metals Secures Major Expansion of Leviathan Copper Belt with Barrick Gold Deal in Idaho

Constance
Hercules Metals Expands Control Over Idaho’s Leviathan Copper Belt Through Strategic Deal with Barrick Gold Canadian exploration company Hercules Metals has entered a strategic agreement with Barrick Gold to consolidate control over a 73-kilometer copper belt surrounding its flagship Leviathan discovery in Idaho. Announced Monday, the deal grants Hercules the option to acquire the “Olympus” claims — over 29,950 hectares of unpatented mining ground — from Barrick’s U.S. subsidiary. The acquisition would be made through staged payments totaling C$8 million over three years. Hercules may fulfill these payments in cash… Read More Here
Fluor Finalizes Role in Barrick’s Multibillion-Dollar Reko Diq Copper Project in Pakistan 9 International Copper New Mining Projects 

Fluor Finalizes Role in Barrick’s Multibillion-Dollar Reko Diq Copper Project in Pakistan

Constance
Fluor Secures Final Approval for Major Reko Diq Copper Project in Pakistan with Barrick Mining U.S.-based engineering firm Fluor has received the final notice to proceed from Barrick Gold Corporation for the development of the Reko Diq copper-gold project in Pakistan, a multibillion-dollar venture expected to significantly boost the country’s mining sector. Fluor was appointed as the lead engineering, procurement, and construction management (EPCM) partner by Barrick in April. The company confirmed that it booked its portion of the contract in the second quarter of 2025. While the total contract… Read More Here
Chile Pushes for U.S. Copper Tariff Discussions in Broader Trade Talks 10 International Copper 

Chile Pushes for U.S. Copper Tariff Discussions in Broader Trade Talks

Constance
Chile Urges U.S. to Address Copper Tariffs in Ongoing Trade Negotiations Chile is urging the United States to include proposed copper tariffs in broader trade negotiations taking place in Washington this week, according to Finance Minister Mario Marcel. Speaking on Monday during an interview with local radio station Duna, Marcel emphasized the importance of addressing the issue as part of comprehensive trade discussions. The move comes in response to a recent announcement by the Trump administration, which plans to impose a 50% tariff on copper imports starting August 1. Chile,… Read More Here

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