President Donald Trump said he will announce a 50% tariff on copper on Tuesday, hoping to boost US production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods. US Comex copper futures jumped more than 12% to a record high after Trump announced the planned tariffs, which came…
President Trump signed an executive order Tuesday directing his commerce secretary, Howard Lutnick, to begin an investigation into whether foreign production of copper and imports of the material into the United States pose risks to America’s economic and national security. White House officials said that, depending on the results of the inquiry, new tariffs could…
Vedanta is set to invest $2 billion to build copper-processing facilities in Saudi Arabia, a significant boost for the kingdom’s ambitions to become a global metals and mining hub.The firm, controlled by billionaire Anil Agarwal, will build a new smelter and refinery with a capacity of 400,000 metric tons per year, according to a statement…