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Metals: copper is receding

14/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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After reaching a peak of five months, copper prices fell on Thursday. Concerns about global growth have overshadowed the impact of U.S. tariffs on rising metal prices

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Le cuivre à trois mois sur le London Metal Exchange (LME) a chut Hey de 0,4% 9 732 dollars la tonne m trique lors des Already changes style="font-family: "Bookman Old Style”, serif"> the cry é The official after è reaching its highest level since October 11 à 9,811 dollars. U.S. copper futures fell 0.5% to $4.83 per pound. Traders have driven up metal prices, impacted by US President Donald Trump's campaign to impose tariffs on other countries in order to boost American industry. LME copper has increased 11% since the beginning of 2025

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Among other metals, LME aluminum lost 1% to $2,675.50 per ton, nickel fell 1.2% to $16,450, lead fell 0.6% to $16,450, lead fell 0.6% to $2,070, while tin rose slightly by 0.2% to $33,495.

LME zinc held up against the downward trend, rising 0.3% to $2,931 per ton after reaching a seven-week high on Wednesday, following Nyrstar's announcement of 25% production cuts at its zinc operations in Hobart Australia starting in April.

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