Hindustan Copper clarifies about no impact on US-backed 50% tariff imposition on Copper Imports
Hindustan Copper Ltd (HCL) has shared a disclosure regarding the recent tariff imposition on Copper Imports by USA.
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New Delhi: Government-backed Hindustan Copper Ltd (HCL) has shared a disclosure regarding the recent tariff imposition on Copper Imports by USA. The company has clarified that no significant impact will be there for the company.
On Wednesday, the USA President Donald Trump has announced to impose a new 50% tariff on copper starting from August 1, 2025 in order to promote domestic developments of an industry which is critical to defence, electronics and automobiles. A 50% duty on goods from Brazil will also be imposed.
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The impact is likely to give less impact on Indian industries as the country is self sufficient in producing copper ores and other raw materials and the recent indigenization measures initiated by the government is also crucial in the point of view of global tariff competition.
The exchange filing stated that in reference to recent news regarding imposition of 50% tariff on copper by the USA w.e.f.01.08.2025, it is informed that Hindustan Copper Ltd (HCL) mines copper ore and beneficiates the same into copper concentrate. This copper concentrate is sold principally in lndia and hence HCL may have no effect of tariff on copper, if imposed by the USA.
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