Vietnam.vn - Nền tảng quảng bá Việt Nam

base metals down

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị23/01/2025


Three-month copper on the London Metal Exchange (LME) fell 1.0%.
Three-month copper on the London Metal Exchange (LME) fell 1.0%.

Three-month copper on the London Metal Exchange (LME) fell 1.0% to $9,182 a tonne in open trade, while aluminium fell 1.5% to $2,650.

Copper and aluminum hit their highest levels since Dec. 11 and Nov. 25, respectively, as Trump in his inaugural address refrained from immediately imposing import tariffs or targeting trade with China, the top consumer of the metals.

However, that relief was short-lived as Trump later said he was considering imposing a 25% tariff on imports from Canada and Mexico on February 1. He also said he wanted to reverse the US trade deficit with the European Union.

“With Trump back in the White House, downside risks have increased for industrial metals and potential US tariffs and a stronger dollar are likely to weigh on demand,” said Ewa Manthey, a commodities analyst at ING.

A stronger US dollar makes metals more expensive for holders of other currencies.

Canada is the major supplier of aluminum to the United States and the metal would likely be most affected by tariffs on Canadian imports, if imposed, which would lead to higher aluminum prices in the United States, Manthey added.

The growth-oriented metal could continue to decline this year if the timing and scope of U.S. tariffs lead to persistent inflation and delay a rate cut by the Federal Reserve. As of now, the Fed is expected to hold rates steady on Jan. 29 and cut again in March.

LME zinc fell 1.2% to $2,928 in official trading, while lead lost 1.8% to $1,950. Both zinc and lead markets were in small deficits in January-November, according to a global industry group. Tin fell 0.2% to $30,325, while nickel fell 0.3% to $16,050.



Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-23-1-kim-loai-co-ban-giam.html

Comment (0)

No data
No data
The powerful formation of 5 SU-30MK2 fighters prepares for the A80 ceremony
S-300PMU1 missiles on combat duty to protect Hanoi's sky
Lotus blooming season attracts tourists to the majestic mountains and rivers of Ninh Binh
Cu Lao Mai Nha: Where wildness, majesty and peace blend together
Hanoi is strange before storm Wipha makes landfall
Lost in the wild world at the bird garden in Ninh Binh
Pu Luong terraced fields in the pouring water season are breathtakingly beautiful
Asphalt carpets 'sprint' on North-South highway through Gia Lai
PIECES of HUE - Pieces of Hue
Magical scene on the 'upside down bowl' tea hill in Phu Tho

Heritage

Figure

Business

No videos available

News

Political System

Local

Product