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2025-07-31 16:27:17
The US's removal of refined copper tariffs triggered a sharp drop in copper prices and mining stocks. (1) The removal of US refined copper import tariffs caused the COMEX copper price to plummet by approximately 22%, leading to a collective decline in London-listed mining stocks. Antofagasta and Rio Tinto's share prices fell 4%, Glencore fell 3.5%, and Anglo American fell 2.4%. (2) Market analysts believe that the removal of tariffs will intensify competition in refined copper supply, directly impacting copper mining companies' profit expectations.
