decline due to weak trade data.

The three-month benchmark copper on the London Metal Exchange (LME) fell 1.7%.

Three-month benchmark copper on the London Metal Exchange (LME) fell 1.7% to $9,572 per ton, while US Comex copper futures dropped 2.6% to $4.68 per pound.

LME copper prices hit a four-month high on Thursday at $9,739 per ton due to a weaker US dollar and after US President Donald Trump eased tariffs on Canada and Mexico.

Optimism spilled over into Asian trading on the Shanghai futures exchange, where the dollar hit a five-month high, but then narrowed its gains to end the session up 0.3%.

However, copper prices rose more than 5% in New York — a much higher increase than other global benchmarks — as US President Donald Trump suggested the metal could be subject to a 25% import tariff.

The comments triggered a frenzied surge in copper prices on the Comex during Asian trading hours as traders reacted to the possibility that the tariffs could be larger than expected and occur much sooner.

Last week, Trump announced that the Commerce Department would conduct a comprehensive investigation that could lead to tariffs on copper for national security reasons. This triggered a sharp price surge on the Comex exchange, widening the gap with comparable prices in London and Shanghai.

Ole Hansen, head of commodity strategy at Saxo Bank AS, said: “A 25% tariff is clearly not what the market expected given those comments, and now traders are scrambling to price at the right level, whatever that tariff may be. The disruption to global trade flows is very real.”

This large spread has triggered a global hunt for copper that could be shipped to the US before any tariffs are implemented, and traders are likely to redouble that effort after Wednesday's price surge.

With LME prices fluctuating around $9,500/tonne and New York prices trading about $1,000 higher, this arbitrage creates a lucrative opportunity for a market accustomed to operating with extremely thin profit margins.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-10-3-giam-do-du-lieu-thuong-mai-yeu.html