President Donald Trump is taking a step toward granting the U.S. mining industry’s biggest wishes by singling out one metal as a focus of his domestic minerals policy: copper.From talk of acquiring Greenland and its vast mineral wealth to prodding Ukraine for minerals in exchange for help fending off Russia's invasion,
President Donald Trump has made it clear that he is concerned about the United States’ dependence on foreign countries for much of its copper and is looking to boost domestic mining of the metal, but his efforts are likely to feed inflation and take years to reap rewards.
Trump last month gave both countries a temporary reprieve from his tariff threats after they took steps to appease his concerns about border security, including Canada’s move to list Mexican cartels as terrorist groups and Mexico’s announcement it would send 10,000 troops from its National Guard to its northern border.
Prices of copper surged over 5% in New York after President Donald Trump suggested imports of the metal could be subject to a 25% tariff,
The US President's copper imports investigation has contributed to rapidly escalating global trade tensions. The metal is a vital component in a number of products, and is also important for the green transition.
U.S. President Donald Trump is making the race for critical minerals a key part of his agenda — and Canada's rich reserves are a prime target for his ambitions.
Copper futures climbed after President Donald Trump signed an executive action directing the Commerce Department to examine possible tariffs on the metal.