Three-month copper on the London Metal Exchange (LME) fell 0.2% to $9,755 a tonne after hitting its highest since Oct. 11 at $9,811 a tonne. U.S. Comex copper futures fell 0.1% to $4.85 a pound.
Traders have been paying a premium for metals prices hit by US President Donald Trump’s campaign to impose tariffs on other countries in a bid to boost US industry. LME copper has gained 11% so far in 2025.
US tariffs of 25% on steel and aluminium products took effect on Wednesday, while US President Donald Trump has also ordered an investigation into the possibility of new tariffs on copper.
“Prices have risen, but for the wrong reason,” said Tom Price, director of commodity strategy at Panmure Liberum. “It’s not because demand is good, it’s because there’s still an ongoing adjustment in the metals market to the tariffs.”
“People who actually buy copper, aluminum and steel, they have no choice in the short term but to pay for it, but then over time they start to reduce their usage or just delay their consumption,” he added.
Global stock markets fell on Thursday on concerns that an escalating trade war will dent global growth after US President Donald Trump threatened to impose more tariffs on European Union goods.
LME zinc bucked the weaker trend, rising 0.4% to $2,936 a tonne after Nyrstar announced a 25% production cut at its Hobart zinc operations in Australia from April.
Among other metals, LME aluminium fell 0.8% to $2,680 a tonne, nickel fell 1.3% to $16,425, lead fell 0.3% to $2,075, while tin edged up 0.1% to $33,445.
Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-14-3-quay-dau-giam.html
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