Copper prices on March 4th: slightly increased.

The benchmark copper on the London Metal Exchange (LME) rose 0.1%.

The benchmark copper price on the London Metal Exchange (LME) rose 0.1% to $9,368 per ton.

US President Donald Trump is planning to impose an additional 10% tariff on Chinese goods, essentially doubling the tariffs that were put in place on February 4th.

China's economic health is crucial to its demand for base metals because the country is the world's largest consumer and heavily reliant on these metals for its vast manufacturing sector.

One copper trader said: "China's PMI suggests demand may be recovering, but the tariff cloud is hanging over everything."

China's official Purchasing Managers' Index (PMI) rose in February after falling the previous month following a strong increase in output, but new export orders declined.

China's National People's Congress (NPC), scheduled for March 5, is expected to announce further stimulus measures amid the looming trade war and concerns about slowing demand.

US manufacturing activity data is also under scrutiny, with expectations of expansion in February, but at a slightly slower pace than in January.

Meanwhile, for aluminum, holdings of large amounts of margin orders and cash contracts have raised concerns about tight supply on the LME market. This has also created a premium, or price lag, for short-term contracts compared to longer-term contracts.

Since the beginning of February, cash aluminum contracts have been trading at a premium over three-month contracts, compared to the discount or contango levels seen since April of last year. Overall, a weaker US dollar is supporting the industrial metal, which is priced in USD.

Aluminum rose 0.3% to $2,614 per ton, zinc increased 1.5% to $2,834 per ton, lead fell 0.1% to $1,991 per ton, tin remained little changed at $31,330 per ton, and nickel gained 1.8% to $15,715 per ton.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-4-3-tang-nhe.html