(Bloomberg) — Beijing’s response to punitive US tariffs could create yet another headache for Chinese copper smelters, already grappling with a shortage of raw materials and plummeting profits.

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Learn More. Last Monday (31 March) copper prices in the US surged to an all-time high. In 2025, the price of the red metal in the US is up 25%. However, on the London Metals Exchange (LME ...

The smelter and refinery employ about 550 people and a closure would have a knock-on effect on copper miners in Queensland who rely on the smelter and on an Incitec Pivot acid plant at Mount Isa.