Aluminum, steel most exposed metals to Trump tariffs, Citi says
A 25% tariff as announced by Trump on Monday would likely cause steel prices to rise by $100 to $150 a short ton, the analysts said.
Anglo American on Thursday reported a 4% increase in fourth-quarter production, driven by a ramp-up at its Brazilian Minas-Rio mine, while water shortages at its Los Bronces mine in Chile weighed on the global miner’s copper output.
“We have delivered our full-year production targets across the business … Increased production at Metallurgical Coal in Australia was offset by the drought in Chile,” Chief Executive Officer Mark Cutifani said in a statement.
(By Shanima A and Noor Zainab; Editing by Sherry Jacob-Phillips)
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