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Base Metal Prices Decline on the Shanghai Futures Exchange: Zinc Leads Losses
During the morning session on Thursday, July 31, base metal prices on the Shanghai Futures Exchange (SHFE) recorded a broad-based decline. No metal was able to avoid the downward pressure, with zinc suffering the sharpest decline. As of 10:30 a.m. Shanghai time, the...
Canada Diverts Primary Aluminium Away From U.S. After Tariff Surge
Canadian aluminium smelters have begun diverting flows of primary metal away from the United States following the sharp escalation in U.S. import tariffs — first increased to 25% in March, and then doubled to 50% in June under the Trump administration. Alcoa Corp,...
Buenaventura Sees Copper Production Rise Thanks to El Brocal Restart
Peruvian mining company Buenaventura reported a significant increase in copper production at its wholly-owned mines during the second quarter of 2025, largely thanks to the restart of mining activity at the El Brocal mine. According to financial results released on...
Trump Grants Surprise Relief: Copper Exempted from 50% Tariffs Planned for August
On the afternoon of Wednesday, July 30, two days earlier than expected, US President Donald Trump announced the exemption of copper from the 50% tariffs under Section 232, which were scheduled to take effect on August 1. According to an official White House Fact...