Copper metal price on March 18: slight increase

Copper rose 0.2% on the London Metal Exchange.

Copper rose 0.2% to $9,804 a tonne on the London Metal Exchange after rising as much as 0.5% earlier. Prices hit $9,850 on Friday, the highest since October.

The Chinese government announced a special action plan over the weekend to boost demand. Consumption in the country grew faster at the start of the year, helping to offset the impact of tariffs imposed by US President Donald Trump on Chinese exporters. Retail sales rose 4% in the first two months of the year, beating forecasts.

The industrial metal has gained about 12% this year as US President Donald Trump's tariffs added volatility to a market already grappling with a shortage of mine supply.

But China’s struggling property sector, a pillar of metals demand, has yet to bottom out. China’s new home prices fell at an accelerated pace last month, despite government efforts to support the market.

Aluminum was steady at $2,682.50 a tonne and nickel rose 0.7%. China’s aluminum output rose 2.6% to 7.32 million tonnes in the first two months, or a record high of 124,068 tonnes a day, according to government data.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-18-3-tang-nhe.html