Commodities
Glencore Halts Chilean Smelter in Setback for US Copper Rush
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Glencore Plc has suspended shipments from a copper smelter in Chile after an issue affecting the plant’s furnace, a setback that comes just as traders and producers race to ship more metal to the US ahead of tariffs.
The company temporarily halted operations at the Altonorte plant and activated so-called force majeure clauses in its commercial contracts, people familiar with the matter said, asking not to be identified because the information is private. Force majeure clauses allow suppliers to halt shipments due to circumstances outside of their control.