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Trump's Tariff Comments Weigh on Base Metal Prices

Jan 20, 2025, 9:43 p.m. ET

AsianFin -- U.S. President Donald Trump's comment that hinted tarrif hikes on Canadian and Mexican imports in the short term have led to a rebound in the U.S. dollar and a decline in most base metal prices.

Three-month copper on the London Metal Exchange fell by 0.4% to $9,242 per ton; aluminum decreased by 0.9% to $2,668; tin dropped by 0.2% to $30,345; nickel was down by 0.3% to $16,055; lead fell by 0.6% to $1,972 and zinc declined by 0.2% to $2,957.

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