While concerns about the prospects for Chinese demand and possible US tariffs persisted, copper prices in London were subdued on Wednesday, with the dollar regaining ground.

The three-month copper price on the London Metal Exchange (LME) was stable at $9,114.5 per metric ton at 07:12 GMT, trading below a nearly two-week high reached on Tuesday. According to analysts at HSBC, “for metals, the questions are mainly about what trade policies the United States is likely to adopt and how China will react.” The most traded copper contract in January on the Shanghai Futures Exchange (SHFE) closed up nearly 1%, at 74,750 yuan ($10,288.21

As for other metals, LME aluminum rose 0.3% to $2,616 per ton, nickel gained 0.7% to $16,130, zinc rose 0.1% to $16,130, zinc rose 0.1% to $3,098.5, zinc rose 0.1% to $3,098.5, lead strengthened 0.1% to $2,082, and tin rose 0.5% to $28,928 $65. SHFE aluminum increased by 1% to 20,580 yuan per ton, nickel increased by 2.6% to 127,890 yuan, tin increased by 0.7% to 243,640 yuan, zinc increased by 0.4% to 25,465 yuan per ton, and lead rose by 0.4% to 25,465 yuan, and lead stabilized at 17,610 yuan