Jack Farchy

1 week ago | news.bloombergtax.com | Jack Farchy |Julian Luk |Yvonne Yue Li

Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production. Trump’s executive order in February ordering a probe into possible copper tariffs upended the global market, driving US prices to a huge premium over international benchmarks and spurring a global race to get copper into the country before any potential tariffs are imposed.

1 week ago | ca.finance.yahoo.com | Jack Farchy |Julian Luk |Yvonne Li

If the US goes down the export curb route, that’ll lead to a tighter scrap market, and in turn more pressure on Chinese smelters, said Ryan McKay, senior commodity strategist at TD Securities. “Generally it would lead to tighter refined supply and drawing inventory.”While several responses called for the US to impose restrictions on exports of copper scrap, and in some cases copper concentrates, many urged the administration not to place import tariffs on copper metal.

1 week ago | financialpost.com | Jack Farchy |Julian Luk

Advertisement 1Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production. Article content(Bloomberg) — Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production.

1 week ago | bloomberg.com | Jack Farchy |Julian Luk |Yvonne Li

The US is the world’s largest exporter of copper scrap. (Bloomberg) -- Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production.

1 week ago | news.bloomberglaw.com | Jack Farchy |Julian Luk

Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production. Trump’s executive order in February ordering an investigation into possible copper tariffs has upended the global market, driving US prices to a huge premium to international benchmarks and spurring a global race to get copper into the country before any potential tariffs are imposed.