Copper

Buyer -Terma contracts have increased after President Donald Trump ordered the US Department of Trade to study the imposition of possible definitions across all types of minerals. The move was the latest range of measures aimed at setting up specific sectoral fees to protect US producers and reform global supply chains. Al -nahhas markets have already seen major disorders this year, as traders bet that the definitions will open a gap between prices in America and the rest of the world. Buyer -Terma contracts on “New York comics” rose 4.1%, which is the biggest daily profit since early November. The shares of copper mining companies distributed in the United States also rose after this news, as “Fribport-McMuran” jumped to the market by more than 6%, compared to Tuesday’s intercourse. An investigation will be held in terms of the 232nd Division of the Trade Expansion Extension Act, giving the president a broad authority to draw up restrictions based on concerns about national security. In a position on social media, Trump wrote that “the major American copper industry has been destroyed by international bodies attacking our local production.” Steel and aluminum fees The US president has already announced plans to set up 25% definitions on all steel and aluminum imports from March 12, which expands the measures of the 232 division he took in his first term. For Copper, the ministry of trade has up to 270 days to investigate imports and submit a report to Trump. The last copper trading was in ‘comics’ at 4,7005 per pound (453 grams), with a 4%increase, until 8:32 hours Shanghai time. Futures on the London Metal Stock Exchange and the Shanghai Futures Stock Exchange start at 9:00 am Singapore time. Separately, copper mines in Chile – the largest producer in the world – have been exposed to the largest electricity outage in the country for 15 years. The huge mining company “Codelco” said that all its operations were influenced by this interruption.