U.S. President Donald Trump on Tuesday said he planned to announce a 50% tariff on copper imports later in the day, surprising a global industry whose output is critical to electric vehicles, military hardware,

Rio Tinto Kennecott is loaning $5 million to Milford Mining Company to support the resumption of the mine's operations and the delivery of copper concentrate from the Milford mine to Kennecott's Salt Lake City smelter.

Mining enough copper to sustain "business as usual" growth would require 78 new copper mines between now and 2050 that would produce 500,000 metric tons of copper per year.

Freeport-McMoRan Inc. FCX and Southern Copper Corporation SCCO are two heavyweights in the copper mining industry. Both operate on a global scale, extracting and processing copper and other metals ...

The Australian mining major BHP expects the demand for copper to grow by around 70 percent, to 50 million tonnes, by 2050, as it is used more widely for a range of applications.

Members of Apache and others who want to halt a massive copper mining project on federal land in Arizona gather outside the U.S. District Court, May 7, 2025, in Phoenix. Credit: AP/Matt York

Resolution Copper — a subsidiary of international mining giants Rio Tinto and BHP — has estimated that 40 billion pounds of copper could be mined over the lifetime of the mine and that the ...

But that changed after a copper deposit was discovered under the site in 1995. Seeking to obtain the deposit, two mining companies, Rio Tinto and BHP, created a joint venture called Resolution Copper.