二月下旬，特朗普命令商务部启动安全审查，瞄准进口铜对美国经济的隐患，大家都猜这是为加税铺 路。七月底公告落地，八月起半成品铜和相关产品一律50%关税。 贸易商赶紧把货转向美国港口，避免多掏腰包。托克和嘉能可这些大户带头行动，原计划去亚洲的船队 改道新奥尔良和巴尔的摩。 短短几个月，五十万吨铜堆积如山，比平时月均进口多出七倍。仓库紧急扩容，企业主抢着囤货，生怕 价格再上窜。 美国本土铜业本就疲软，产量跟不上消费，依赖智利和加拿大六成多。这关税本想护着自家产业复苏， 可现实是库存爆棚，供需彻底乱套。 本土供应商被迫甩卖，矿场减产，工人日子难过。铜价在纽约交易所比伦敦高出一千四百美元一吨，套 利机会吸引更多货流进来。 全球链条跟着受影响，原本均衡的供应被抽走，其他地区开始闹荒。中国作为头号买家，首当其冲，新 能源和电网项目用铜本就紧，这下采购成本直线上窜。 中国八成五铜矿靠进口，电动车和太阳能设备年需求还在涨。可铜价从年初八千多美元一吨窜到纪录高 位，工厂主们咬牙扛着，中小企业先顶不住，生产线慢下来。 废铜渠道也堵塞，美国出口几乎枯竭，本该缓冲市场的环节失效。上海期货交易所逆价差拉大，现货比 远期贵，显示供应吃紧。 ...

格隆汇7月31日｜港股市场铜概念股集体下跌，其中，中国大冶有色金属跌超6%，江西铜业(600362)股 份跌超3%，兴业合金、中国黄金国际、中国金属利用跌超2%，五矿资源跌近2%。消息面上，美国总统 特朗普意外宣布，对铜加征新关税中，美国期铜大泻两成，创史上最大单日跌幅。 （责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com | 代码 | 名称 | 涨跌幅 ^ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | | 00661 | 中国大冶有色金属 | -6.45% | 0.058 | 10.38亿 | | 00358 | 江西铜业股份 | -3.85% | 15.980 | 553.34亿 | | 00505 | 兴业台等 | -2.94% | 0.990 | 8.91亿 | | 01258 | 中国有色矿业 | -2.65% | 7.7 ...

Group 1 - The U.S. President Donald Trump announced a 50% tariff on copper, which will include refined copper and semi-finished copper, aiming to strengthen domestic production of this essential metal [1][2] - Refined copper is the largest category of metal imported by the U.S., and its inclusion in the tariff list will have widespread implications for various sectors, including power grids, construction, automotive manufacturing, and consumer electronics [1][2] - The U.S. relies heavily on imports for copper semi-finished products, with an estimated 800,000 tons imported last year, indicating a significant gap between domestic production and demand [2] Group 2 - The tariff proposal is part of Trump's strategy to enhance the entire copper supply chain, from mining and smelting to processing and recycling [2] - Copper is crucial for multiple industries, and its demand is expected to rise significantly with the expansion of industrial production and infrastructure development, particularly in the context of AI and energy transition [2] - The construction of data centers, which heavily depend on copper for power transmission and high-performance electronic systems, is driving a structural increase in copper demand [2] Group 3 - Following the tariff announcement, industry representatives met with the White House Economic Advisory Council, requesting that the government refrain from imposing export controls on scrap copper [3] - Major metal companies, including Rio Tinto and Southwire, have urged the White House to limit the export of ores and scrap metals instead of imposing tariffs on imports [3]

Core Viewpoint - The disruption in copper transportation in Peru is primarily due to protests from small-scale gold and copper miners, who are dissatisfied with regulatory restrictions and bureaucratic procedures [1] Group 1: Causes of Disruption - Protests have led to the establishment of roadblocks, hindering the transport of semi-finished copper from at least two major mines to shipping ports [1] - The trend of transportation disruption has only been observed over the past year, driven by rising metal prices and the upcoming elections in the country [1] Group 2: Implications for the Industry - Informal mining activities pose a threat to the development of new mineral deposits and increase global supply risks [1] - Major mining companies view the temporary registration of small mines as a cover for illegal activities [1]