menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Metal Pric...
source image

Bloomberg Quint

2w

read

111

img
dot

Image Credit: Bloomberg Quint

Metal Prices Fall As Trump Stirs Trade Uncertainty With BRICS Threat

  • 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.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app