financetom
Business
financetom
/
Business
/
Trump reverses Biden-era rules on copper smelters
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump reverses Biden-era rules on copper smelters
Oct 26, 2025 3:41 PM

WASHINGTON, Oct 24 (Reuters) - U.S. President Donald

Trump on Friday reversed a Biden-era air pollution rule that had

imposed stricter limits on emissions from copper smelters.

The copper rule, finalized in May 2024, had required

smelters to curb pollutants including lead, arsenic, mercury,

benzene and dioxins under updated federal air standards.

Trump's proclamation grants a two-year exemption from

compliance for affected stationary sources, which the White

House said would help promote American mineral security by

reducing regulatory burdens on domestic copper producers.

"Imposing these requirements on such a limited and already

strained domestic industry risks accelerating further closures,

weakening the Nation's industrial base, undermining mineral

independence, and increasing reliance on foreign-controlled

processing capacity," the White House said in announcing the

changes.

The proclamation referenced the two copper smelters in the

United States, one operated by Freeport-McMoRan ( FCX ) in

Arizona and the other by Rio Tinto in Utah. It stated

the order would apply to Freeport's smelter.

Phoenix-based Freeport thanked Trump and said the two-year

exemption shows copper's importance for national security.

"This action acknowledges the operational realities facing

domestic copper smelting and provides needed time to assess and

plan for appropriate regulatory reconsideration of the Copper

Rule and future implementation," a Freeport spokesperson said.

Rio Tinto said its Utah smelter was not affected by the 2024

order due to the company's investment in equipment that captures

emissions.

"Rio Tinto's Kennecott copper operation in Utah has a

long-standing commitment to reducing its environmental footprint

through innovation and investment," a Rio spokesperson said.

Trump signed an executive order earlier this year that

identified copper as a critical material for defense,

infrastructure and emerging technologies, including clean energy

and electric vehicles.

It led to a Section 232 investigation to determine whether

copper imports threaten U.S. national security, particularly due

to dependence on a small number of foreign suppliers.

Following the review, the administration imposed a 50%

tariff on certain imported copper and mandated that an

increasing percentage of high-quality scrap copper produced in

the U.S. be sold domestically.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
S&P puts Keurig Dr Pepper on negative credit watch
S&P puts Keurig Dr Pepper on negative credit watch
Aug 25, 2025
Aug 25 (Reuters) - Ratings agency S&P Global put a negative credit outlook on U.S. soft drinks giant Keurig Dr Pepper ( KDP ) after the company announced Monday it will buy Dutch coffee group JDE Peet's. In a Monday note accompanying their credit outlook downturn on the popular soda seller, S&P analysts highlighted the increased debt profile of Keurig...
Update: Market Chatter: Spirit Airlines Engages Advisers to Explore Strategic Alternatives
Update: Market Chatter: Spirit Airlines Engages Advisers to Explore Strategic Alternatives
Aug 25, 2025
10:27 AM EDT, 08/25/2025 (MT Newswires) -- (Updates with PJT Partners ( PJT ) and FTI Consulting responses in the third paragraph and the latest stock movement in the fourth paragraph.) Spirit Aviation's ( FLYY ) Spirit Airlines unit is mulling strategic options after its recent financial restructuring fell short of putting the airline on a sustainable track, The Wall...
Activist Windward presses Cineplex to boost buybacks, sell non-core assets
Activist Windward presses Cineplex to boost buybacks, sell non-core assets
Aug 25, 2025
Aug 25 (Reuters) - Windward Management has called on cinema theater operator Cineplex ( CPXGF ) to buy back more shares and sell non-core assets, pointing to a recovering box office as audiences return to theaters and demand rises for premium movie experiences. Canada's largest movie theater chain is now at an inflection point, the activist investor said in a...
Argenx's Vyvgart Uptake is Likely to Accelerate, RBC Says
Argenx's Vyvgart Uptake is Likely to Accelerate, RBC Says
Aug 25, 2025
10:26 AM EDT, 08/25/2025 (MT Newswires) -- Argenx's (ARGX) Vyvgart, which was launched in 2022, is expected to see an accelerated uptake, RBC said in a Monday research note. Vyvgart is a therapy used to treat severe autoimmune diseases. Based on its survey, RBC said the uptake might result from higher usage, convenient at-home dosing, lack of any upcoming disruptive...
Copyright 2023-2026 - www.financetom.com All Rights Reserved