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Copper: falling prices

18/08/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Due to a stronger dollar and uncertainty in the run-up to a crucial event for the outlook for American interest rates and a meeting between US President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, copper prices fell on Monday.

Three-month copper on the London Metal Exchange lost 0.3% to $9,742.50 per metric ton at 10:02 GMT. Copper prices are mixed as the market awaits Chinese data, supply issues

offer support.

Among other metals, tin grew by 0.4% to $33,785 per ton, supported by low tin stocks in warehouses approved by the LME, which fell by 65% since the start of the year to reach 1,655 tons, their lowest level in two years.

The gap between LME spot prices and the three-month tin contract increased from a $48 premium a week ago to a $63 premium on Friday, signaling some supply tension near the LME system.

LME aluminum fell 0.7% to $2,589.50 per metric ton, zinc lost 0.6% to $2,777, lead lost 0.5% to $1,970.50, lead lost 0.5% to $1,970.50, while nickel fell 0.4% to $15,100.

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