The Department of Environment and Natural Resources–Mines and Geosciences Bureau (DENR–MGB) said the newly imposed 50% US tariff on Philippine copper exports will have modest short-term effects but could trigger significant long-term adjustments.
In the short term, the impact is expected to remain limited—US buyers account for only a small portion of Philippine copper shipments. However, global price fluctuations could still unsettle the market, and exporters are already exploring alternative markets in Asia and Europe to cushion any dip in American demand.
Over the long haul, the landscape may shift more dramatically. The Bureau said the Chamber of Mines of the Philippines and other stakeholders will likely begin prioritizing value-added initiatives—such as local refining and downstream development—to enhance competitiveness. This approach aligns with the national drive to integrate upstream, midstream, and downstream copper operations, as highlighted in the DENR’s commodity profile.
In 2024, Philippine copper production reached about 256,769 dry metric tons, generating ₱27.24 billion in revenue. Exports totaled 262,657 DMT, primarily shipped to China, South Korea, India, and Japan, with earnings of roughly US $1.75 billion.
Although the tariff’s direct impact may be limited, it could increase price volatility and affect industry revenues. In response, companies and government agencies alike have emphasized strategic adaptation: expanding domestic processing, diversifying export markets, and upholding environmental standards.
The DENR–MGB reaffirmed its commitment to sustainable copper development, underscoring the metal’s vital role in clean energy technologies—from renewable power to electric vehicles. The Bureau pledged to closely monitor the situation and work with industry stakeholders to ensure long-term viability and environmental responsibility within the Philippine mining sector.
“While the direct impact may be modest, this tariff is a turning point for our copper industry,” the acting DENR official said. “We must build resilience, boost value-added production, and ensure our sector remains competitive and sustainable for the future.”
