Canada’s Prime Minister Mark Carney bets big on the country’s natural gas exports
US president says levy on the key industrial metal follows a ‘national security assessment’
LME price sinks as traders bet any levies will ultimately hit demand for industrial metal
Trade levies could solve the supply-demand problem but they are a blunt tool
President also says he will impose levies of up to 200% on drug imports after a transition period
Plus copper tariffs
Hunt for scarce supplies threatens to create a ‘short squeeze’, pushing prices even higher, warn analysts
And copper distortions
Fee earned to turn concentrate into the refined metal falls further into negative territory this year
Surge in military consumption comes as growth of renewable energy supercharges demand for copper
Region’s spot market hit by lack of the red metal for immediate delivery, pushing up premiums on top of benchmark LME prices
Mendoza could open new mine in a nationwide rush for the red metal under President Javier Milei
Market suffers one of ‘greatest tightening shocks’ in its history as traders race to get ahead of potential levies
Barrick says strategic metal resource could help Islamabad as it faces 29% levy
Geneva-based group plans to buy more stakes in mines as it snaps up copper supplies in challenge to bigger rivals
Threat of US tariffs and growing global demand seen as likely to support prices
Futures price in London for the red metal climbed to a 5-month high
Group’s head Pimenta highlights easing strains that should help settle investor nerves
It takes 29 years to get approval for a new mine in the US but the industry is hoping that will change
Fees charged to transform ore have fallen to all-time lows as Glencore halts operations at Philippines plant
Traders prepare to deliver metal to US before imposition of tariffs as Trump’s plans distort mineral markets
White House signals it will expedite measures despite investor concerns over how threats of levies will affect economy
Potential disposals in DR Congo and Kazakhstan could be biggest by Swiss miner since Gary Nagle took charge in 2021
Traders pay up to secure copper, steel and aluminium supplies before US president’s levies come into effect
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