Jul 09, 2025 (The Australian - ABIX via COMTEX) --
US copper futures rose 13 per cent to a record high in response to President Donald Trump's plans to impose a tariff of 50 per cent on imported copper. Bernstein analysts believe that Chile, Canada and Peru may ultimately receive an exemption from the tariff regime, given that they are key trading partners of the US. This would benefit BHP and Rio Tinto, which are joint venture partners in Chile's Escondida copper mine. Meanwhile, Citi has warned that the Trump administration could target other resource commodities, including critical minerals..
Publication Date: 10 July 2025
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT
BERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT
BHP GROUP LIMITED - ASX BHP
RIO TINTO LIMITED - ASX RIO
CITIGROUP INCORPORATED
COMTEX_467180596/2229/2025-07-09T20:16:10
By Perry Williams
Copyright 2025 Roy Morgan Research. All Rights Reserved.
