The Clock Starts Ticking on US Copper Production as 50% Tariff Looms
A former commercial executive at Enami, Pedro Pablo Lavin, posits that America would need a minimum of ten years to achieve copper self-sufficiency through domestic production and processing. This sentiment is shared by Jefferies analysts, who argue that because mines take a while to develop, it may not be possible to achieve self-sufficiency in under a decade. This means that the U.S. will continue to rely on the red metal’s imports even after the 50% import tariff goes into effect on August 1st. Currently, America consumes roughly 1.6 million tons of copper annually, with about 1.1 million tons coming from…
