Research agency BMI expects global copper mine output to grow by 2.5% year-on-year for 2025, supported by recovering production in Chile and an ongoing ramp-up of the Oyu Tolgoi mine, in Mongolia. Global copper production will also see strong contributions from Peru,

U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.

Copper futures (HG1:COM) extended their rally on Thursday, rising around 2% as traders reacted to U.S. President Donald Trump’s announcement of a 50% tariff on imported copper, set to take effect on August 1.

Chilean copper mines had their best month of export revenue in more than three years in June, with the increase in value outstripping price gains in a sign of rising production.

Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.

US President Donald Trump on Tuesday announced a 50% tariff on copper imports and stated he was considering a 200% tariff on pharmaceutical products if manufacturers do not move their operations to the United States.

U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.

Super Copper has agreed to acquire 100% ownership of the Castilla copper project, a 5,800-hectare exploration area in Chile's Atacama region, from Verdant Resources for $100,000 in an all-cash transaction.