Chile and Indonesia, major copper producers, are navigating potential U.S. tariffs, with Mario Marcel seeking an exception for Freeport-McMoRan.
1 report, 1 independent
Updated Jul 28
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What happened
Chile and Indonesia, major copper producers, are navigating potential U.S. tariffs, with Mario Marcel seeking an exception for Freeport-McMoRan.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The U.S. copper market aims for self-sufficiency, relying heavily on imports from Chile and Peru, while China remains the largest consumer and smelter.Sub-event
Chile cites UK precedent while Mario Marcel seeks an exception to potential U.S. tariffs affecting Freeport-McMoRan.1 source
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The entities involved
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Chile
country in South America and Oceania, with a claim in Antarctica
- The Chilean Air Force is hosting a multinational joint military exercise involving forces from Chile, Paraguay, Argentina, Colombia, and Brazil.
- Aclara Resources Inc. holds mineral resources in Chile and plans a new facility in Louisiana, seeking financing from the Export-Import Bank of the United States.
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Freeport-McMoRan
producer of copper and gold
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Mario Marcel
Chilean economist and the Governor of the Central Bank of Chile
Nothing else this week.
Related events
- A Chilean labor dispute is affecting US copper costs, with LME prices falling and Chinese buyers returning.
- Peru and the US finalized a free-trade deal, while Chile emerged as a major FDI source in Peru, and Cuba participated in a business council.
- A mine incident and export ban are impacting global copper supply and market prices.
- Chile and Peru are currently contributing to global copper supply risks due to their operational status.
- Copper prices are tracked across major global exchanges as global demand strains production capacity in major producing countries.
Coverage
Newest first; wire copies grouped- Investing.comFreeport-McMoran stock falls amid Chile’s copper tariff negotiations Investing.com -- Freeport-McMoran (NYSE: FCX) stock fell as much as 5% Monday before paring the decline to 3% as Chile’s Finance M