China, which accounts for over half of global refined copper production, has rapidly expanded smelting capacity in recent years, even as global copper ore supply growth slowed to a crawl. This imbalance has driven down processing fees and pushed some overseas competitors to suspend operations.

China’s copper output nears limit amid ore shortage and overcapacity crackdown

While the Trump administration’s aim with the tariff is to reduce reliance on foreign copper and boost domestic production, experts warn that this goal is unrealistic in the short term. 

Will Trump’s copper tariffs hit the US economy harder than the rest of the world?

Donald Trump's announcement of imposing 50% tariffs on copper sent copper prices soaring, with a 13 per cent single-day increase, marking the largest gain for the metal since 1989.

What is on the cards as Trump announces 50% tariffs on copper and warns of upcoming pharma tariffs?

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China’s copper output nears limit amid ore shortage and overcapacity crackdown

Will Trump’s copper tariff hit the US economy harder than the rest of the world?

What is on the cards as Trump announces 50% tariffs on copper?