iShares Copper and Metals Mining ETF

Benzingawww.benzinga.com

The US, EU, and Japan are coordinating efforts to counter China's dominance in critical minerals processing and supply chains. The US launched Project Vault ($12B) to stockpile critical minerals and passed the Critical Mineral Dominance Act. Copper demand is surging due to AI data centers, EVs, and defense needs, with prices hitting record highs. Major mining companies are ramping up production to meet expected 50% demand growth by 2040.

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Benzingawww.benzinga.com

President Trump announced a surprise 50% import tariff on copper, causing copper prices to spike to $5.90 per pound and creating potential market disruptions in copper-intensive sectors.

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Benzingawww.benzinga.com

Rio Tinto plans to invest $1.2 billion to modernize its Isle-Maligne hydroelectric power plant in Quebec, aiming to secure low-carbon aluminum production and improve the plant's efficiency and reliability.

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Benzingawww.benzinga.com

Rio Tinto and Sumitomo Metal Mining have finalized a joint venture for the Winu copper-gold project in Western Australia. Sumitomo will pay Rio Tinto up to $430.4 million for a 30% stake, with Rio Tinto leading development and operations.

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Zacks Investment Researchwww.zacks.com

Copper prices are rallying amid a rush to build data centers and the continued electrification of the global economy as well as tight supply conditions.

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