News Industry

Trump Confirms 50% Tariff on Copper Imports, U.S. Prices Soar to Record High

Trump Confirms 50% Tariff on Copper Imports, U.S. Prices Soar to Record High
Thursday, 10 July 2025 11:00

• Trump announces 50% tariff on all imported copper, citing national security
• Copper futures jump past $12,330 per ton as traders react to looming restrictions
• African exporters face indirect risks from global price shifts and trade rerouting

On July 8, 2025, U.S. President Donald Trump announced a 50% tariff on all copper imported into the United States. The announcement triggered an immediate surge in copper prices, with futures climbing to a record high above $12,330 per ton, according to multiple sources.

The decision was made during a cabinet meeting and falls under Section 232 of the Trade Expansion Act, which allows the president to impose trade measures on national security grounds. While no official start date has been confirmed, the administration suggested the measure could take effect by early August.

The tariff will apply to all copper imports regardless of origin. It adds to existing trade barriers on products such as steel, aluminum, and vehicles. The Trump administration says the goal is to reduce reliance on foreign sources of critical metals.

Copper is essential in various industries, including electronics, electric vehicles, renewable energy, and digital infrastructure. According to U.S. Commerce Department data cited by the media, the United States imported $17 billion worth of copper in 2024, with $6 billion coming from Chile.

Christopher LaFemina, an analyst at Jefferies quoted by The Guardian, said the new tariffs are likely to create a persistent price premium in the U.S. compared to other markets, as the country has “absolutely no” capacity to meet domestic copper demand through its own mines, smelters, or refineries.

The move comes amid already volatile copper markets. In March, Ecofin Agency             reported that the mere mention of tariffs had sparked a rush to the U.S. market, causing unprecedented price gaps with the London Metal Exchange. According to Mercuria Energy Group, about 500,000 tons of copper were rerouted to the United States during that time—seven times the average monthly import volume.

For major African copper-producing countries such as the Democratic Republic of Congo, Zambia, Namibia, and Botswana, the impact of the U.S. tariff will likely be indirect but still significant. Although their copper exports to the U.S. remain limited, these countries are exposed to global price movements and shifting trade flows.

Image4

In March, Ecofin Agency noted that most African producers lack the logistical or contractual flexibility to quickly adapt their sales strategies to sudden opportunities. Limited storage infrastructure, rigid long-term contracts, and the absence of real-time market intelligence leave them vulnerable in a rapidly changing environment.

A study by the Ferdi Foundation published in June highlighted that price volatility remains the biggest economic risk for African countries amid rising trade tensions. While the continent’s direct exposure to the U.S. market is low, its strong dependence on China—the top global buyer of industrial metals—creates major vulnerabilities. A slowdown in Chinese demand due to an extended trade war could weigh heavily on global copper prices.

For now, the exact impact of the U.S. measure on Africa remains uncertain. It will depend on factors such as the actual implementation of the tariff, the response from Asian markets, and how well African countries can adjust their logistics and contracts to take advantage of new dynamics.

On the same topic
Ivanhoe Mines signs deal covering 100% of Kamoa-Kakula smelter’s copper output. The smelter will process up to 500,000 tonnes annually, starting at...
African gas projects drive significant contracts for Asian shipbuilders, especially for Floating Liquefied Natural Gas (FLNG) units. South Korean...
• Séguéla gold mine produced 76,686 ounces in H1 2025, up 13% from the same period in 2024• Fortuna Mining maintains 2025 output guidance of...
• South Africa’s CEF takes over dormant Sapref refinery for 1 rand, with no restart plan or cost assessment.• State may face $1B revival and cleanup...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.