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strong growth in the US market

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị28/02/2025


Three-month copper on the London Metal Exchange fell 0.3.
Three-month copper on the London Metal Exchange fell 0.3.

The most-active May copper contract on the Comex exchange in the US rose 0.8% to $4.624 a pound. Three-month copper on the London Metal Exchange fell 0.3% to $9,435 a tonne.

“Trade talks are adding to the uncertainty in the base metals market,” said Nitesh Shah, commodity strategist at WisdomTree.

China, the world's top consumer of metals, urged the United States to halt an investigation into possible new tariffs on copper imports on Thursday, vowing to retaliate if Chinese entities are affected by the duties.

U.S. President Donald Trump dimmed the outlook for looming tariffs on top trading partners Canada and Mexico on Wednesday by signaling they would take effect on April 2 instead of the previously stated March 4 deadline.

The Comex copper premium over the LME contract rose to $759 a tonne from $633 on Wednesday.

Meanwhile, LME aluminium rose 0.5% to $2,644.50 a tonne, zinc rose 1.1% to $2,840.50 and nickel rose 1.8% to $15,860 while lead fell 0.3% to $2,004.

LME tin fell 1% to $32,030 while the April contract on the Shanghai Futures Exchange fell 3.7%, which analysts attributed to expectations of possible continuation from key supplier Myanmar.



Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-27-2-tang-manh-tai-thi-truong-my.html

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