Chile copper giant Codelco profits surge on higher metals prices. By Fabian Cambero and Anthony Esposito. ... He added that 2022 total copper production should be similar to 2020 and 2021 output.

President Donald Trump has announced plans to impose a 50% tariff on copper imports, a move aimed at bolstering US production of the essential metal, as reported by Reuters. Following the announcement,

It also projected Chilean production at 5.7 million tonnes of copper in 2022, a year-on-year increase of 2.6%. For 2023, the estimate is for Chile's copper production to rise 4.8% to 6 million tonnes.

Copper futures surged to a record high Tuesday after President Donald Trump announced a 50% tariff on all copper imports. “Today we’re doing copper,” Trump said at a cabinet meeting after rattling off his earlier tariffs on aluminum and steel.

PwC estimates that about a third of the global semiconductor production is under threat of supply disruptions caused by climate change.

President Donald Trump announced a 50% tariff on copper imports on Tueday, a move aimed at bolstering domestic production and reducing U.S. reliance on foreign supplies, particularly from Chile, which accounts for nearly 35% of U.S. copper imports.

Copper futures drifted lower in London, falling back from multi-week highs seen after an earthquake hit Chile, the world’s biggest supplier.