Trade war risks copper investments needed to meet future demand
The copper industry is turning attention to how the escalating trade war between the world’s biggest economies will affect investments needed to meet future demand for the wiring metal. US President Donald Trump’s efforts to re-balance global trade — including a 145% tariff on Chinese imports — and retaliation by Beijing are dimming the outlook for global growth, with credit costs on the rise amid wide bond-market swings. That’s a toxic combination for those tasked with multibillion-dollar decisions on expanding copper supplies.
The copper industry is turning attention to how the escalating trade war between the world’s biggest economies will affect investments needed to meet future demand for the wiring metal.
US President Donald Trump’s efforts to re-balance global trade — including a 145% tariff on Chinese imports — and retaliation by Beijing are dimming the outlook for global growth, with credit costs on the rise amid wide bond-market swings. That’s a toxic combination for those tasked with multibillion-dollar decisions on expanding copper supplies.
