Fabian Cambero of Reuters reports that Codelco, the world’s largest copper producer, has redirected some copper sales to the U.S. following President Trump’s tariff probe. Cambero writes:
Chile’s Codelco, the world’s largest copper producer, has been redirecting some of its spot sales to the United States, CEO Ruben Alvarado said on Friday.
U.S. President Donald Trump in February ordered a probe into potential new tariffs on copper imports in an effort to rebuild U.S. production, a move that appeared to prompt a rush for copper. […]
Codelco said it expects 2025 output to reach between 1.37 million and 1.4 million tons.
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