U.S. President Donald Trump's plans to impose 50% tariffs on copper would include semi-finished products such as those used for power grids, the military and data centers, Bloomberg News reported on Thursday,

Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies

What Happened in Markets Today Copper prices—and mining stocks—rose after Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the [metal hit record highs](

Chilean copper miner Antofagasta sees opportunity for its stalled copper project in the U.S. following President Donald Trump's move to impose 50% import tariffs on the metal, CEO Ivan Arriagada said on Thursday.

President Donald Trump said his 50% tariff on copper imports will take effect on Aug. 1, noting he made the decision after a national security assessment.

Reports of copper theft from trucks are rising even faster than the price of the metal, which is used in products ranging from cars to construction materials. The benchmark futures price in the U.S. hit an all-time high this week after President Trump said tariffs of 50% on copper imports would take effect on Aug. 1.

Peru kept interest rates unchanged as its economy comes under threat from Donald Trump’s plan for a 50% copper tariff. The central bank held its key rate at 4.5% for a second straight month on Thursday,

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.