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Indonesia's Internal Affairs Minister, Tito Karnavian, is seeking to ease a copper concentrate export ban for Amman Mineral International. He suggests allowing raw material exports to resume before Amman’s processing facilities become fully operational.
A year after coming to power, the UK Labour government is facing a sharp decline in business confidence. Initial optimism has been replaced by discontent over rising taxes, more administrative barriers, and a lack of dialogue with the authorities.
According to Discovery Alert, the copper market has seen significant price fluctuations over the last few months. They have been driven by several factors, which include the approaching deadline for the delayed imposition of US tariffs on July 9.
The UK government is facing growing financial challenges that will require tax increases in the autumn budget. This was reported by conglomerate Barclays in its research note. Due to recent political developments, the kingdom's fiscal position has deteriorated.
Copper and other industrial metal prices continued to drop after Donald Trump proposed a 10% tariff on goods from BRICS countries. According to Bloomberg, the US president's move has fueled uncertainty over American trade policy.