Copper prices on December 2nd: slightly increased.

Copper futures for delivery in three months on the London Metal Exchange (LME) rose 0.1%.

Copper futures for delivery in three months on the London Metal Exchange (LME) rose 0.1% to $9,014 per ton, but recorded a 5.3% decline in November.

US Comex copper futures rose 0.4% to $4.11/lb. "The fundamentals are solid right now, it's just that we don't know what's going to happen in terms of tariffs, so the market is cautious about acting decisively," said Nitesh Shah, commodity strategist at WisdomTree.

US President Donald Trump has threatened to impose tariffs on imports, which would harm economic growth and metal consumption, particularly in China.

The most actively traded copper contract in January on the Shanghai Futures Exchange (SHFE) was at 73,830 yuan ($10,216.28) per ton, recording its second consecutive monthly loss.

"China is in wait-and-see mode until they know how bad the tariffs will be before implementing any fiscal stimulus measures," Shah added.

The LME dollar has fallen 11% since hitting a four-month high of $10,158 on September 30 as investors sold off bullish positions on potential tariffs and were disappointed by China's lack of strong stimulus measures.

However, some positive signs have emerged in China, including SHFE inventories falling by two-thirds since the beginning of June to 108,775 tonnes, the lowest level since February 5th.

Investors are also hoping that upcoming data will show that China's stimulus measures are beginning to take effect. Analysts expect that China's manufacturing activity will grow modestly for the second consecutive month in November, while home prices are expected to stabilize in 2026 after a slower decline this year and next.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-2-12-tang-nhe.html