On Feb. 25, the White House announced it will launch an investigation into the importation of copper under Section 232 of the 1962 Trade Expansion Act.
"American industries depend on copper, and it should be made in America, no exemptions, no exceptions," Commerce Secretary Howard Lutnick said.
CHEYENNE, Wyo. (AP) — 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.
A Trump administration investigation into copper imports has led to an after-hours rise of 20 cents per pound in Comex copper’s value.
Shares of copper miner Freeport-McMoRan Inc. (FCX) jumped by over 4% during morning trade on Wednesday after Reuters reported that President Donald Trump has ordered an investigation into potential new tariffs on copper imports,