rose to its highest level in more than four months

Three-month copper on the London Metal Exchange (LME) rose 1.2%.

Three-month copper on the London Metal Exchange (LME) rose 1.2% to $9,385 a tonne.

Copper prices are set to post their biggest weekly gain since September 2024, up 3.8% so far.

The most-active copper contract on the Shanghai Futures Exchange rose 1.6% to 77,140 yuan ($10,586.85) a tonne, its highest in three months.

The dollar index is set to fall 0.6% for the week, making commodities priced in the greenback cheaper for holders of other currencies.

“We think the market is starting to discount the possibility that the tariff war is not as bad as previously advertised,” said Marex adviser Edward Meir.

US President Donald Trump suspended plans to impose tariffs on Mexico and Canada earlier this week and imposed an additional 10% tax on imports from China.

Meanwhile, markets also focused on monthly US payrolls data due out later in the day as US Federal Reserve officials pointed to major policy uncertainty around tariffs and other issues arising from the early days of the Trump administration.

Global mining company Anglo American posted a 6% decline in copper production last year to 773,000 tonnes and expects output to reach 690,000-750,000 tonnes in 2025 and 760,000-820,000 tonnes in 2026.

LME aluminium rose 1% to $2,646 a tonne, zinc rose 1.5% to $2,859.50, tin rose 0.7% to $31,210, lead rose 0.8% to $2,004.50 and nickel rose 0.1% to $15,825.

Aluminum at SHFE rose 1.9% to 20,625 yuan a tonne, nickel rose 1.5% to 127,170 yuan, zinc rose 2.7% to 23,970 yuan, lead rose 0.4% to 17,155 yuan and tin rose 0.8% to 259,400 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-8-2-tang-len-muc-cao-nhat-trong-hon-bon-thang.html