PwC estimates that about a third of the global semiconductor production is under threat of supply disruptions caused by climate change.

President Donald Trump announced a 50% tariff on copper imports on Tueday, a move aimed at bolstering domestic production and reducing U.S. reliance on foreign supplies, particularly from Chile, which accounts for nearly 35% of U.S. copper imports.

Mark Bristow, CEO of Barrick Mining Corp, reiterated the copper miners' bullish outlook on the metal's future in Zambia.

The White House initiated a Section 232 investigation in February, allowing the president to impose tariffs on national security grounds. Trump stated that a “robust” assessment confirmed the need for tariffs to safeguard US copper production.