American Pacific Mining positioned to benefit from growing US copper demand
Published by Jess Watts,
Editorial Assistant
Global Mining Review,
President Trump said on Sunday, that he would impose 25% tariffs on all steel and aluminium imports and also threatened to apply levies on imported copper. US metals prices, including copper, have been increasing with significant premiums ahead of potential tariffs on imports. This surge in domestic copper prices reflects growing concerns about supply constraints and highlights the increasing importance of US-based copper assets.
The Financial Times recently reported that premiums for US copper futures have widened to over US $800 /t above London prices, the highest level since early 2020, as US buyers compete to secure copper supplies in anticipation of potential tariffs. The US relies heavily on imports for its copper needs, emphasising the value of domestic copper supply.
Warwick Smith, CEO of American Pacific, commented:
“The current market dynamics and US policy trends underscore the strategic value of our US-based copper assets. With projects like our Madison Copper-Gold project in Montana and Palmer Copper-Zinc project in Alaska, we are well-positioned to potentially supply the growing domestic demand for copper, a critical metal for the US economy, and clean energy transition.”
Read the article online at: https://www.globalminingreview.com/mining/03032025/american-pacific-mining-positioned-to-benefit-from-growing-us-copper-demand/
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