Chile's Codelco sending more copper to US after tariff threat

Fabian Cambero - Reuters - 28/03
Chile's Codelco (COBRE.UL), the world's largest copper producer, has been redirecting some of its spot sales to the United States, CEO Ruben Alvarado said on Friday.
SANTIAGO, March 28 (Reuters) - Chile's Codelco (COBRE.UL), the world's largest copper producer, has been redirecting some of its spot sales to the United States, CEO Ruben Alvarado said on Friday.
U.S. President Donald Trump in February ordered a probe into potential new tariffs on copper imports in an effort to rebuild U.S. production, a move that appeared to prompt a rush for copper.

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Alvarado also said he did not see any reason for copper to be subject to a sanction or tariffs, and anticipated strong long-term fundamentals for copper demand beyond short-term swings.
"We are committing to the needs of our clients in the United States, we are redirecting part of our spot sales," Alvarado said in a press conference to discuss Codelco's 2024 results...
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