Julian Luk

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.

2 weeks ago | bloomberg.com | James Attwood |Julian Luk

Miners gathering in Santiago this week took a wait-and-see approach to trade levies. This article is for subscribers only. Welcome to our guide to the energy and commodities markets powering the global economy. Today, reporters James Attwood and Julian Luk read the room at Chile’s flagship mining summit.

2 weeks ago | bloomberg.com | Alfred Cang |Julian Luk

Chinese copper buyers used Monday’s collapse in prices below $8,500 a ton to significantly increase purchases, traders said, helping to trigger a dramatic rebound even as a rout in other global markets deepened further. Copper prices plunged as much as 7.7% within 15 minutes of opening on the London Metal Exchange, before reversing direction to rally nearly $1,000 in a little over two hours — the largest intraday move since 2009.

2 weeks ago | bloomberg.com | James Attwood |Julian Luk |Mark Burton

Two weeks ago, copper prices were surging as traders warned that threatened US tariffs on the metal would squeeze global supplies. Now, copper bulls are confronting one of the market’s worst-ever selloffs as President Donald Trump’s broader trade war upends the outlook for demand.

3 weeks ago | bloomberg.com | Julian Luk

Korea Zinc Co. has accepted a 52% cut in processing fees to turn mined zinc produced by Teck Resources Ltd. into refined metal under a supply deal for this year, according to people familiar with the matter. The treatment charge that Korea Zinc will receive for smelting semi-processed ores known as concentrates will drop to $80 per ton this year, down from $165 a year ago, said the people, who asked not to be named due to the commercial sensitivity of the matter.