Copper metal price on January 15: continues to increase

Three-month copper on the London Metal Exchange (LME) rose 0.5%.

Three-month copper on the London Metal Exchange (LME) rose 0.5% to $9,138 a tonne.

The dollar was near a more than two-year high as traders scaled back bets on interest rate cuts by 2025 after data released last week showed an unexpected acceleration in job growth and a 4.1% drop in the unemployment rate last month.

The dollar index, which measures the U.S. currency against six other currencies, was up 0.1 percent at 109.54, not far from a 26-month high of 110.17 hit on Monday.

A stronger dollar makes commodities priced in the greenback more expensive for holders of other currencies.

With President-elect Donald Trump set to return to the White House next week, the focus is on his policies, which analysts expect will boost growth but add to price pressure.

Trump's tariff threat, coupled with the Federal Reserve's measured approach to rate cuts this year, has boosted Treasury yields and the dollar.

“China’s December imports remained relatively strong, reflecting a modest improvement in manufacturing activity in the fourth quarter of 2024,” ANZ Research said in a note.

China's imports of unwrought copper and copper products hit a 13-month high in December, up nearly 18% from a year earlier, customs data showed.

The most-traded February copper contract on the Shanghai Futures Exchange (SHFE) edged up 0.1 percent to 75,370 yuan ($10,282.12) a tonne in late morning trade in Asia.

LME aluminium rose 0.2% to $2,584 a tonne, tin fell 0.2% to $29,795, nickel fell 0.3% to $15,850, lead fell 0.8% to $1,943 and zinc rose 0.3% to $2,873.

SHFE aluminium rose 0.4% to 20,320 yuan a tonne, nickel rose 0.8% to 127,840 yuan, zinc was unchanged at 24,230 yuan, lead fell 0.9% to 16,475 yuan and tin fell 1.0% to 248,150 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-15-1-tiep-tuc-tang.html