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Metals: copper prices affected by profit-taking

24/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Pending further clarification on tariffs threatened by US President Donald Trump and on stimulus measures in favor of China, the largest consumer of metals, copper prices fell on Thursday as investors raked in after a recent surge.

Le cuivre à trois mois sur le London Metal Exchange (LME) a perdu 0,5% & 9.177 dollars la tonne lors des changes Aggravate; la cri serife">e. LME copper had gained é 6% in January until à Monday, date à which it reached its highest level in one month. Financial markets were waiting for details after Trump said he could impose 10% tariffs on imports from China beginning on Feb. 1, the same day he said Mexico and Canada would be subject to taxes of around 25%. The most active copper contract on the Shanghai Stock Exchange fell by 0.8% to 74,960 yuan ($10,291.76) per ton at the close of the

afternoon in Asia.

Among other metals, LME aluminum fell by 0.7% to $2,615 per ton, nickel lost 0.4% to $15,660, zinc fell by 1.2% to $2,864, zinc fell by 1.2% to $2,864 while lead fell by 0.4% to $2,864 while lead fell by 0.4% to $1,959 and tin fell by 0.8% to $30,040.

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