[{"data":1,"prerenderedAt":717},["ShallowReactive",2],{"ticker-data":3,"story-article/president-trumps-policies-send-mixed-signals-for-copper":540},[4,52,82,112,148,186,228,259,296,328,371,412,450,481,510],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-27","2wk","Updated every 2 weeks","Lithium",411.01,408.51,0.61,75.85,175.57,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-05-13",{"date":19,"value":20},"2026-04-29",372.51,{"date":22,"value":23},"2026-04-15",354.35,{"date":25,"value":26},"2026-04-01",346.55,{"date":28,"value":29},"2026-03-18",351.32,{"date":31,"value":32},"2026-03-04",346.6,{"date":34,"value":35},"2026-02-18",324,{"date":37,"value":38},"2026-02-04",337.67,{"date":40,"value":41},"2026-01-21",298.32,{"date":43,"value":44},"2026-01-07",233.73,{"date":46,"value":47},"2025-12-24",203.79,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",449.85,451.12,-0.28,77.12,181.56,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},404.38,{"date":22,"value":65},381.25,{"date":25,"value":67},371.52,{"date":28,"value":69},373.01,{"date":31,"value":71},366.63,{"date":34,"value":73},349.17,{"date":37,"value":75},356.81,{"date":40,"value":77},316.73,{"date":43,"value":79},253.98,{"date":46,"value":81},220.12,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",358.35,350.28,2.3,76.32,168.94,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},328.09,{"date":22,"value":95},316.95,{"date":25,"value":97},311.86,{"date":28,"value":99},321.41,{"date":31,"value":101},319.14,{"date":34,"value":103},295.42,{"date":37,"value":105},310,{"date":40,"value":107},270.4,{"date":43,"value":109},203.24,{"date":46,"value":111},177.17,{"publishedDate":19,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",244.61,252.61,-3.17,3.99,97.72,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":19,"value":116},{"date":25,"value":117},{"date":125,"value":126},"2026-03-25",252.45,{"date":28,"value":128},252.84,{"date":130,"value":131},"2026-03-11",253.48,{"date":31,"value":126},{"date":134,"value":135},"2026-02-25",256.64,{"date":34,"value":137},255.58,{"date":139,"value":140},"2026-02-11",253.31,{"date":37,"value":142},252.26,{"date":144,"value":145},"2026-01-28",241.15,{"date":40,"value":145},"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-20","Nickel",135.83,133.05,2.09,12.5,30.68,[157,158,160,163,166,168,170,172,174,176,179,182],{"date":149,"value":151},{"date":159,"value":152},"2026-05-06",{"date":161,"value":162},"2026-04-22",125.43,{"date":164,"value":165},"2026-04-08",124.51,{"date":125,"value":167},123.94,{"date":130,"value":169},123.51,{"date":134,"value":171},122.7,{"date":139,"value":173},123.79,{"date":144,"value":175},128.07,{"date":177,"value":178},"2026-01-14",120.74,{"date":180,"value":181},"2025-12-31",104.29,{"date":183,"value":184},"2025-12-17",103.44,"/nickel/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":227,"subscription":49,"isProtected":50,"hasAccess":51},"2026-04-30","monthly","Natural Graphite",82.93,82.39,0.66,1.66,-0.87,[196,197,199,202,205,207,210,212,215,218,221,224],{"date":187,"value":190},{"date":198,"value":191},"2026-03-31",{"date":200,"value":201},"2026-02-27",81.92,{"date":203,"value":204},"2026-01-30",81.69,{"date":180,"value":206},81.58,{"date":208,"value":209},"2025-11-28",81.35,{"date":211,"value":209},"2025-10-31",{"date":213,"value":214},"2025-09-30",81.74,{"date":216,"value":217},"2025-08-29",81.56,{"date":219,"value":220},"2025-07-31",82.47,{"date":222,"value":223},"2025-06-30",83.13,{"date":225,"value":226},"2025-05-30",83.77,"/natural-graphite/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":229,"today":230,"last":231,"percentageChange":232,"yearToDate":233,"yearOnYear":234,"oneYearIndexTrend":235,"url":258,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",84.01,79.79,5.29,12.86,12.75,[236,237,238,240,242,244,246,248,250,252,254,256],{"date":187,"value":230},{"date":198,"value":231},{"date":200,"value":239},75.72,{"date":203,"value":241},74.61,{"date":180,"value":243},74.44,{"date":208,"value":245},76,{"date":211,"value":247},72.75,{"date":213,"value":249},71.92,{"date":216,"value":251},71.46,{"date":219,"value":253},70.35,{"date":222,"value":255},67.35,{"date":225,"value":257},65.78,"/synthetic-graphite/prices",{"publishedDate":260,"updateFrequency":188,"updateFrequencyText":188,"label":261,"today":262,"last":263,"percentageChange":264,"yearToDate":265,"yearOnYear":265,"oneYearIndexTrend":266,"url":295,"subscription":49,"isProtected":50,"hasAccess":51},"2025-11-17","Anode",77.79,77.96,-0.22,-1.93,[267,268,270,272,274,277,280,282,284,287,290,292],{"date":260,"value":262},{"date":269,"value":263},"2025-10-15",{"date":271,"value":263},"2025-09-15",{"date":273,"value":263},"2025-08-15",{"date":275,"value":276},"2025-07-15",77.93,{"date":278,"value":279},"2025-06-16",78.88,{"date":281,"value":279},"2025-05-15",{"date":283,"value":279},"2025-04-15",{"date":285,"value":286},"2025-03-17",79.89,{"date":288,"value":289},"2025-02-17",78.97,{"date":291,"value":289},"2025-01-15",{"date":293,"value":294},"2024-12-16",79.32,"/anode/prices",{"publishedDate":297,"updateFrequency":188,"updateFrequencyText":188,"label":298,"today":299,"last":300,"percentageChange":301,"yearToDate":301,"yearOnYear":302,"oneYearIndexTrend":303,"url":327,"subscription":49,"isProtected":50,"hasAccess":51},"2026-01-15","Cathode",72.79,64.08,13.59,43.38,[304,305,307,309,311,313,315,317,318,320,322,325],{"date":297,"value":299},{"date":306,"value":300},"2025-12-15",{"date":260,"value":308},62.01,{"date":269,"value":310},53.51,{"date":271,"value":312},49.5,{"date":273,"value":314},47.28,{"date":275,"value":316},46.05,{"date":278,"value":316},{"date":281,"value":319},48.08,{"date":283,"value":321},48.92,{"date":323,"value":324},"2025-03-18",52.79,{"date":288,"value":326},50.86,"/cathode/prices",{"publishedDate":329,"updateFrequency":188,"updateFrequencyText":188,"label":330,"today":331,"last":332,"percentageChange":333,"yearToDate":334,"yearOnYear":335,"oneYearIndexTrend":336,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[337,338,340,343,346,349,352,355,358,361,364,367],{"date":329,"value":331},{"date":339,"value":332},"2025-02-28",{"date":341,"value":342},"2025-01-31",71.45,{"date":344,"value":345},"2024-12-31",75.74,{"date":347,"value":348},"2024-11-29",76.98,{"date":350,"value":351},"2024-10-31",77.34,{"date":353,"value":354},"2024-09-30",77.43,{"date":356,"value":357},"2024-08-30",80.56,{"date":359,"value":360},"2024-07-31",82.99,{"date":362,"value":363},"2024-06-28",87.2,{"date":365,"value":366},"2024-05-31",90.7,{"date":368,"value":369},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":372,"updateFrequency":6,"updateFrequencyText":7,"label":373,"today":374,"last":375,"percentageChange":376,"yearToDate":377,"yearOnYear":378,"oneYearIndexTrend":379,"url":411,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-21","Black Mass",54.15,51.47,5.21,25.5,92.33,[380,381,383,386,389,392,395,398,401,404,406,408],{"date":372,"value":374},{"date":382,"value":375},"2026-05-07",{"date":384,"value":385},"2026-04-23",48.63,{"date":387,"value":388},"2026-04-09",48.6,{"date":390,"value":391},"2026-03-26",47.29,{"date":393,"value":394},"2026-03-12",46.18,{"date":396,"value":397},"2026-02-26",45.8,{"date":399,"value":400},"2026-02-12",47.34,{"date":402,"value":403},"2026-01-29",49.57,{"date":297,"value":405},43.15,{"date":180,"value":407},47.05,{"date":409,"value":410},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":413,"updateFrequency":188,"updateFrequencyText":188,"label":414,"today":415,"last":416,"percentageChange":417,"yearToDate":418,"yearOnYear":419,"oneYearIndexTrend":420,"url":449,"subscription":49,"isProtected":50,"hasAccess":51},"2026-03-19","Rare Earths",172.27,182.38,-5.54,20.73,54.49,[421,422,424,427,430,432,435,437,440,443,445,447],{"date":413,"value":415},{"date":423,"value":416},"2026-03-05",{"date":425,"value":426},"2026-02-19",179.86,{"date":428,"value":429},"2026-02-05",155.4,{"date":431,"value":429},"2026-01-22",{"date":433,"value":434},"2026-01-08",145.37,{"date":46,"value":436},142.69,{"date":438,"value":439},"2025-12-11",141.67,{"date":441,"value":442},"2025-11-27",136.29,{"date":211,"value":444},132.15,{"date":213,"value":446},139.82,{"date":216,"value":448},145.27,"/rare-earths/prices",{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":451,"today":452,"last":453,"percentageChange":454,"yearToDate":455,"yearOnYear":456,"oneYearIndexTrend":457,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",111.93,124.92,-10.4,-2.67,-3.42,[458,459,460,462,464,466,469,471,473,475,477,479],{"date":213,"value":452},{"date":216,"value":453},{"date":219,"value":461},109.9,{"date":222,"value":463},100.47,{"date":225,"value":465},103.62,{"date":467,"value":468},"2025-04-30",109.47,{"date":329,"value":470},115.87,{"date":339,"value":472},117.3,{"date":341,"value":474},114.57,{"date":344,"value":476},115,{"date":347,"value":478},117.82,{"date":350,"value":480},111.9,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":482,"today":483,"last":484,"percentageChange":485,"yearToDate":486,"yearOnYear":487,"oneYearIndexTrend":488,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",99.44,96.91,2.61,2.37,-3.84,[489,490,491,493,495,497,499,501,503,505,506,508],{"date":213,"value":483},{"date":216,"value":484},{"date":219,"value":492},97.09,{"date":222,"value":494},94.93,{"date":225,"value":496},97.13,{"date":467,"value":498},97.89,{"date":329,"value":500},101.4,{"date":339,"value":502},93.25,{"date":341,"value":504},98.94,{"date":344,"value":496},{"date":347,"value":507},98.69,{"date":350,"value":509},101.87,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":511,"today":512,"last":513,"percentageChange":514,"yearToDate":515,"yearOnYear":516,"oneYearIndexTrend":517,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":715,"relatedVideos":716},112468117991673,"3d1623c7-af34-458e-b041-4f0ca209a4d2","President Trump’s policies send mixed signals for copper","president-trumps-policies-send-mixed-signals-for-copper","article/president-trumps-policies-send-mixed-signals-for-copper",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":691,"featured":51,"reporter":692,"_editable":696,"component":697,"seo_title":543,"categories":698,"visibility":708,"author_company":49,"featured_image":709,"seo_description":691,"author_full_name":49,"author_job_title":49,"formattedDate":713,"formattedArticleDate":714},"bc240083-0c62-40c6-8e40-61963f097d07","2025-01-29 00:00",[550,553],{"slug":551,"name":552},"usa","USA",{"slug":554,"name":555},"policy","Policy",[557],{"slug":558,"name":559,"content":560},"didi-bostock","Didi Bostock",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Editor - Energy Transition & Economics",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":567,"content":568},"doc",[569,576,581,586,595,600,607,622,627,634,639,644,649,654,659,664],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"The copper market faces conflicting signals as President Trump begins his second term in the White House. While his administration has proven supportive of domestic mining projects, its early actions and messaging have unsettled commodity markets.","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"President Trump threatened this week to introduce tariffs on copper imports to incentivise companies to bring production to the US. Piotr Ortonowski, head of copper research at Benchmark, argues the measures make little sense.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584],{"text":585,"type":575},"“All they are likely to achieve in the short-term is to drive up inflation. While the US does have a strong pipeline of mine projects, these will take many years to build,” Ortonowski said.",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"type":590,"attrs":591},"image",{"id":49,"alt":592,"src":593,"title":49,"source":49,"copyright":49,"meta_data":594},"","https://a.storyblok.com/f/287943243085208/2ca7dccf10/bm-copper-imports2x-13319792fc1a.png",{},{"type":570,"attrs":596,"content":597},{"textAlign":49},[598],{"text":599,"type":575},"“The main issue facing US projects is permitting. Fix that and mine supply will come. Tariffs are arbitrary if you don’t have a pre-existing source of domestic supply,” Ortonowski added.",{"type":601,"attrs":602,"content":604},"heading",{"level":603,"textAlign":49},4,[605],{"text":606,"type":575},"Positives for permitting ",{"type":570,"attrs":608,"content":609},{"textAlign":49},[610,612,620],{"text":611,"type":575},"Trump’s first day executive order “Unleashing American Energy” ",{"text":613,"type":575,"marks":614},"laid out a vision to position the US as a global leader in critical minerals",[615],{"type":616,"attrs":617},"link",{"href":618,"uuid":49,"anchor":49,"target":49,"linktype":619},"https://source.benchmarkminerals.com/article/what-do-president-trumps-executive-orders-mean-for-critical-minerals?_branch_match_id=1544411881054203394&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAAwXBQQqAIBAF0BvlPoiINm09QWhMzqCOw1eINp2993gM67NzkfTiGpCrKCGUPgWzqYhmlw5l85u8Pq4f6CZANJ0R7emEZWe0Sj%2BLWxWLSAAAAA%3D%3D","url",{"text":621,"type":575}," by expediting permitting decisions and reducing regulatory barriers.",{"type":570,"attrs":623,"content":624},{"textAlign":49},[625],{"text":626,"type":575},"This initiative sent a positive signal to US copper projects that have long been in regulatory limbo. Rio Tinto last week expressed optimism about its massive Resolution copper mine project in Arizona, which has been mired in permitting challenges since 2013.",{"type":570,"attrs":628,"content":629},{"textAlign":49},[630],{"type":590,"attrs":631},{"id":49,"alt":592,"src":632,"title":49,"source":49,"copyright":49,"meta_data":633},"https://a.storyblok.com/f/287943243085208/aa20ae6a42/bm-us-copper-projects-pipeline2x-1-133197762889.png",{},{"type":570,"attrs":635,"content":636},{"textAlign":49},[637],{"text":638,"type":575},"Additionally, Federal support for critical mineral projects and a potential National Defense Stockpile for critical minerals, possibly including copper, are being explored.",{"type":601,"attrs":640,"content":641},{"level":603,"textAlign":49},[642],{"text":643,"type":575},"Mixed demand prospects ",{"type":570,"attrs":645,"content":646},{"textAlign":49},[647],{"text":648,"type":575},"While domestic mining could benefit, prospects for copper demand are more mixed under Trump’s second term. The new administration has begun to reverse Biden-era initiatives supporting copper-intensive clean energy technologies, including subsidies for EVs and federal land leasing for wind farms.",{"type":570,"attrs":650,"content":651},{"textAlign":49},[652],{"text":653,"type":575},"Conversely, President Trump’s pledge to support an Artificial Intelligence (AI) infrastructure could be a boon for copper demand. ",{"type":570,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":575},"OpenAI, in conjunction with partners, last week announced a bumper $500 billion investment to build out AI infrastructure in the US over the next four years. Data centers housing AI models require copper-intensive electrical infrastructure due to their significant power demands. ",{"type":570,"attrs":660,"content":661},{"textAlign":49},[662],{"text":663,"type":575},"But, the recent launch of low-cost Chinese AI model, DeepSeek, is also casting doubts about the necessity of such large-scale infrastructure investments to support AI progression.",{"type":570,"attrs":665,"content":666},{"textAlign":49},[667,673,678,686],{"text":668,"type":575,"marks":669},"Benchmark’s Copper Weekly Newsletter provides expert market insights and analysis of copper’s role in the evolving energy transition.",[670,672],{"type":671},"italic",{"type":671},{"text":674,"type":575,"marks":675},"Sign up with your business email address to receive ",[676,677],{"type":671},{"type":671},{"text":679,"type":575,"marks":680},"Copper Weekly",[681,684,685],{"type":616,"attrs":682},{"href":683,"uuid":49,"anchor":49,"target":49,"linktype":619},"https://www.benchmarkminerals.com/copper-weekly",{"type":671},{"type":671},{"text":687,"type":575,"marks":688}," direct to your inbox every Monday.",[689,690],{"type":671},{"type":671},"The copper market faces conflicting signals as President Trump begins his second term in the White House. While his administration has proven supportive of domestic mining projects, its early actions and messaging have unsettled commodity markets. President Trump threatened this week to introduce tariffs on copper imports to incentivise companies to bring production to the […]",[693],{"slug":558,"name":559,"content":694},{"job_title":561,"image":695,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"bc240083-0c62-40c6-8e40-61963f097d07\", \"id\": \"\"}-->","article",[699,702,705],{"slug":700,"name":701},"copper","Copper",{"slug":703,"name":704},"critical-minerals","Critical Minerals",{"slug":706,"name":707},"geopolitics","Geopolitics","private",{"id":49,"alt":592,"name":592,"focus":592,"title":592,"source":592,"filename":710,"copyright":592,"fieldtype":711,"meta_data":712,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/0d57dbd490/bm-trump-2.jpg","asset",{"alt":592,"title":592,"source":592,"copyright":592},"Jan 29, 2025","29th January 2025",[],[],1783093113754]