The company’s copper plants in Quebec — as well as several recycling sites in the US — will be absorbed into the miner’s global zinc smelting division.
Panamanian president spent recent weeks meeting with local businesses that relied on Cobre Panama and hearing from workers that were impacted by its closure.
Trump earlier Tuesday had suggested he would double the metal tariffs for Canada in retaliation for Ontario imposing a 25% surcharge on electricity sent to US states.
Bullion pushed higher following a small drop Monday, when President Donald Trump’s signalled that the economy could first suffer following the tariffs.
