copper

Copper exports were down after a 50% tariff in U.S. imports of copper products came into effect at the start of August.

For years, copper bulls have talked up its key role in the transition to green energy, needed for wind turbines, electric cars and grid infrastructure.

“A prolonged disruption at the Grasberg mine could drive copper prices even higher, while intensifying supply challenges for smelters already facing feedstock shortages,” analysts at ING said.

London’s miners rose after being pulled up by a tightening copper market and hopes that the industrial metal surges to record highs.

Aurubis is getting in on the demand for recycled copper in the U.S.