"Computing Power Metals" Supply and Demand Face Changes, Countdown to U.S. Copper Tariff Decision

BlockBeats News, June 26 — In July last year, the U.S. government announced a tariff proposal on copper. Previously, a 50% tariff was imposed only on semi-finished copper products, while refined copper was temporarily exempted. However, starting in 2027, the plan proposes phased tariff increases on refined copper. Whether this proposal will be implemented will be finalized by the end of June, as the U.S. Department of Commerce is required to submit the "Section 232 Tariff" investigation report by June 30 and make a final decision based on it. As the June 30 deadline for the U.S. "Section 232 Tariff" investigation report approaches, the global AI computing power-related metals market is expected to experience a new round of volatility. According to analyses by international investment banks such as Goldman Sachs, if the U.S. enacts a new round of copper tariff policies, American buyers may begin large-scale stockpiling. Currently, U.S. COMEX copper inventories have exceeded 650,000 tons, reaching a historic high. Meanwhile, in the international market, the supply of minor metals deeply tied to the AI computing power industry chain—such as tungsten, tin, tantalum, and indium—may face further tightening. (Source: Jinshi)