MCA Statement on Proposed Copper Tariffs

The Minerals Council of Australia opposes the potential imposition of US tariffs on mineral exports, including the proposed 50 per cent tariff on copper. These measures disrupt global trade, undermine investment confidence, and increase costs for consumers including in the United States.

As the Treasurer has recently made clear, the global economic environment is increasingly volatile and unpredictable. In that context, sudden and sweeping trade actions only heighten uncertainty and constrain the ability of businesses to plan, invest and grow. The right response is not to raise barriers, but to make economies more resilient, productive and globally connected.

While Australia’s direct copper exports to the United States are limited, trade restrictions imposed on other key trading partners have the potential of disrupting global supply chains, increasing costs, and creating uncertainty for Australian exporters.

Australia has long been a stable, secure and responsible supplier of minerals. As geopolitical risks rise and others turn inward, Australia has the opportunity to step forward deepening and securing supply through trade partnerships, expanding export markets, and reinforcing our position in global supply chains. That means continuing to position Australia as a trusted, low-risk partner for critical minerals and resources.

The MCA supports the Australian Government’s focus on strengthening economic resilience, diversifying export markets and working with global partners to restore trade stability. That’s how we deliver investment certainty, protect jobs, and ensure the minerals sector can meet growing international demand.