increased due to weaker USD

Three-month copper on the London Metal Exchange (LME) rose 0.4%.

Three-month copper on the London Metal Exchange (LME) rose 0.4% to $9,036.50 a tonne.

The metal, used in electricity and construction, has traded in a narrow range for two weeks as the market awaited details on potential US tariffs and a possible response from China.

US President Donald Trump released details of his tariff plans for China, Canada and Mexico on Monday, pledging to impose an "additional 10% tariff" on all Chinese imports.

"The prospect of a trade war has raised expectations that Beijing will roll out more stimulus measures," said Ewa Manthey, a commodities analyst at ING. "Any sustained rise in metal prices will depend on the strength and speed of the stimulus measures."

China's industrial profits fell in October but not as sharply as the previous month as deflationary pressures persisted while demand remained weak in the crisis-hit $19 trillion economy .

Meanwhile, LME aluminium fell 0.1% to $2,611 a tonne due to supply pressure after miner Rio Tinto lifted a force majeure on alumina exports from Australian refineries.

Tin fell 2.2% to $28.215 after hitting $27.765, its lowest since April 3, due to pressure from investment funds reducing their net long speculative positions.

Tin is heading for a second monthly decline and the decline has helped revive demand, a metals trader said.

Zinc rose 1.3% to $3,114 after hitting $3,149, its highest since Oct. 29, as the amount of metal available in LME-registered warehouses fell sharply for a second day after notices from holders showed they wanted to remove nearly 50,000 tonnes.

Lead rose 0.9% to $2,039.50 while nickel fell 0.1% to $15,965.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-28-11-tang-do-dong-usd-yeu-hon.html