Donald Trump’s copper tariffs risk reinforcing China’s dominance in smelting rather than encouraging metals processing in the US, top mining executives have warned.
The 50 per cent levy on certain copper imports, announced last week, is part of the US president’s push to develop a domestic industry and end America’s dependence on China for several critical minerals.
But mining executives and analysts said copper tariffs would not be enough to provide an incentive for new US copper smelters — energy-intensive facilities in which China has invested huge sums. The US has just two operational smelters, while China has dozens.
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