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Whether the US copper stockpile is released back onto world markets depends on a refined-metal tariff that only the White House can impose or drop, not on the new Congress.
The lower targets push Kamoa-Kakula's return to 500,000 tonnes a year onto a new fourth concentrator, adding spending and execution risk.
The project would add about 225 million pounds of US copper a year from mid-2030, as Washington leans on tariffs to cut reliance on imported metal.
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