Part 4/10:
The latest tariff has stirred questions about its effect on the global copper supply chain. Since copper markets operate on a worldwide scale, tariffs in the U.S. influence prices, supply flows, and investment decisions globally. Interestingly, the decline in U.S. copper prices could favor countries like Australia, which are significant copper exporters.
Australian mining giants such as BHP, Rio Tinto, Glencore, and Sandfire Resources stand to benefit because the fall in American prices might dissuade U.S.-based mining companies from developing new mines. Instead, they could opt to import raw materials like ore or concentrate from Australia, which remains a primary source of copper globally.