Trump says 50% copper tariff to take effect Aug. 1
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London-listed miners popped Thursday with the coppor market in turmoil, as investors digested better economic news from China.
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Copper futures (HG1:COM) extended their rally on Thursday, rising around 2% as traders reacted to U.S. President Donald Trump’s announcement of a 50% tariff on imported copper, set to take effect on August 1.
Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), is pleased to provide a summary of the 2025 exploration program (the “Program”) planned on its Penny Copper Project (the “Penny Property”,
The U.S. copper price premium over the global benchmark soared 138% on Tuesday to a record high after U.S. officials announced potential 50% import tariffs on the metal. Copper has been flooding into the U.
President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, lifting the premium to roughly one quarter. Copper futures mainly trad
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President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
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Carlos Gutierrez, former Commerce Secretary, told CNBC’s Emily Tan on “The China Connection” that the U.S. reliance on copper imports is a “vulnerability, but [the U.S. doesn’t] have the capacity right now to offset imports.