Resolution Copper East Plant. Via Resolution Copper Facebook.
(Disclosure: Rose Law Group represents Resolution Copper.)
By Jacob Lorinc | Bloomberg News
Rio Tinto Plc says it has a “strong desire” to invest in US copper mining following President Donald Trump’s plans to levy imports of the critical metal.
“There is increasing recognition by the US government of the need for domestic sources of copper and other critical materials to support manufacturing and to power the country’s energy future,” the company’s copper head Katie Jackson said in an emailed statement. “We have a strong desire to invest more in American copper and we see significant opportunities to grow our business in the United States.”
Trump’s plans to slap 50% tariffs on copper imports are expected to raise costs across a broad section of the US economy that relies on the metal for consumer electronics, automobiles, home construction and more. The levies are aimed at supporting a robust domestic supply chain for the commodity, though analysts warn that permitting obstacles and litigation still stand in the way of building mines quickly.
