President Donald Trump has made it clear that he is concerned about the United States’ dependence on foreign countries for much of its copper and is looking to boost domestic mining of the metal, but his efforts are likely to feed inflation and take years to reap rewards.

To search for the Company’s financial statements, enter the following parameters in the empty fields: Empresa: Sociedad Minera Corona S.A. Sierra Metals is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico.

"American industries depend on copper, and it should be made in America, no exemptions, no exceptions," Commerce Secretary Howard Lutnick said.

Another industrial metal is in the spotlight, once again due to President Trump. Copper prices are rallying after Trump instructed the Commerce Department to investigate imposing tariffs on imports of the metal.

President Donald Trump opened yet another front on Tuesday in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild U.S. production of a metal critical to electric vehicles,

US President Donald Trump has ordered an investigation of copper imports in what is a first step toward potential tariffs on the metal. Administration officials said the White House wanted to find ways to boost US production of copper,

President Trump ordered Commerce to study whether tariffs are needed to reduce the U.S. reliance upon imported copper, needed for military equipment, data centers and electric vehicles.

The U.S. mined about 1.1 million tons of copper in 2024, which is less than the demand in a year. Some of that copper is refined overseas.

An executive order calls for boosting the domestic industry by investigating the national security implications of imports and weighing tariffs.