Metal prices, including copper and aluminum, fell on the London Metal Exchange as US President Donald Trump's trade threat towards countries aligned with the BRICS bloc caused uncertainty.
Trump's announcement of a potential 10% tariff on BRICS countries led to a 0.5% decline in copper to $9,817 per ton and a similar drop in aluminum.
Industrial metals have remained relatively strong recently despite economic uncertainty, with copper seeing increased shipments to America and a decrease in global stockpiles, while benefiting from a weaker US dollar.
Iron ore futures in Singapore remained steady at $95.85 a ton amidst the trade tensions and market fluctuations.