Categories: Business

Trump reverses Biden-era rules on copper smelters

By Jarrett Renshaw and Ernest Scheyder WASHINGTON (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 specifically referenced the only two copper smelters in the United States, one operated by Freeport-McMoRan and the other by Rio Tinto. It stated the order would apply to Freeport’s smelter, but it was not immediately clear how it would affect Rio Tinto’s facility. The two companies did not immediately respond to a request for comment. 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. (Reporting by Jasper Ward; Editing by Costas Pitas, Sam Holmes and Tom Hogue)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Benzema scores hat-trick on Al-Hilal debut in rout

VIDEO SHOWS: KARIM BENZEMA SCORES TWICE ON HIS DEBUT FOR AL-HILAL AS THEY FACED AL…

9 minutes ago

Exclusive-The sale of xAI comes with tax, financial and legal benefits for xAI and SpaceX investors

By Echo Wang, Milana Vinn and Matt Tracy NEW YORK, Feb 5 (Reuters) - Elon…

36 minutes ago

SiTime tech could go into billions of Renesas chips, SiTime CEO says

By Stephen Nellis SAN FRANCISCO, Feb 5 (Reuters) - SiTime's technology could eventually end up…

47 minutes ago

Oil extends decline ahead of US-Iran talks

By Florence Tan SINGAPORE, Feb 6 (Reuters) - U.S. crude futures extended their decline on…

57 minutes ago

US drone makers seek Asia sales as China threat rises

(Corrects pricing of V-BAT to $1 million (not $700,000) in paragraph 8 after company said…

59 minutes ago

Exclusive-The sale of xAI comes with tax, financial and legal benefits for xAI and SpaceX investors

By Echo Wang, Milana Vinn and Matt Tracy NEW YORK, Feb 5 (Reuters) - Elon…

1 hour ago