a drop on the stock exchange.

The benchmark copper price on the London Metal Exchange (LME) fell 0.8%.

The benchmark copper price on the London Metal Exchange (LME) fell 0.8% to $9,533 per ton.

Last week, copper prices hit a four-month high of $9,739 after US President Donald Trump exempted Canadian and Mexican automakers from the 25% tariffs for one month.

However, this relief was short-lived and came under pressure from tariffs and trade wars.

Marex advisor Edward Meir said: "We will be cautious going into March because we believe the market is not paying enough attention to the slowing US growth picture, which may offset concerns about supply shortages. This is one of the consequences of the tariffs; in fact, it has frozen business."

China consumes about half of the world's annual copper supply. Weaker copper demand is evident in inventories monitored by the Shanghai Futures Exchange. At nearly 270,000 tonnes, inventories have increased by more than 220% since the beginning of the year.

At Shanghai's linked storage facilities, copper inventories have increased by nearly 200% to 45,000 tonnes since the beginning of January.

However, traders say the Yangshan premium indicates stronger Chinese demand. At $50 per ton, this measure of China's copper import demand has risen more than 40% since the beginning of March.

Meanwhile, inventories in registered LME stockpiles have decreased as the metal is being transferred to COMEX in preparation for US tariffs on copper imports.

Canceled trading orders – metal designated for delivery, accounting for over 40% of total inventories – suggest that more copper will leave LME stockpiles in the coming days.

Industrial metals also received some support from a weaker US dollar. Aluminum fell 0.2% to $2,699 a ton, zinc lost 1% to $2,858, lead rose 1.1% to $2,041, and tin gained 0.2% to $32,595, while nickel rose 0.3% to $16,560.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-11-3-giam-บน-san-giao-dich.html