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Image Credit: Bloomberg Quint

World’s Top Cable Maker Sees US Copper Tariff As Opportunity

  • Italy’s Prysmian SpA, the world’s biggest maker of copper cable, sees President Trump’s 50% copper tariff as an opportunity to bolster the American supply chain and pass on costs to customers.
  • The higher-than-expected copper tariff announced by Trump has caused chaos in metals markets, with global traders sending record volumes of the metal to the US ahead of the tariff's implementation on Aug. 1.
  • Prysmian benefits from tariffs due to sourcing a larger part of its copper domestically and being vertically integrated, potentially reinforcing the leadership of local players in the industry.
  • While some stakeholders believe domestic production increase will take years, incumbent producers stand to benefit from a premium on US-made metal, although consumers may bear the increase in prices.

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