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London Copper prices fall as US tariffs loom

London Copper prices fall as US tariffs loom

London copper prices eased Monday, as metal demand weakened after President Donald Trump's recent threat to increase tariffs.

The price of three-month copper at the London Metal Exchange fell by 0.4%, to $9.523 per metric ton as of 0356 GMT.

ANZ Research stated that the sector was also experiencing dislocations as it prepared for tariffs and restrictions on certain metals.

Trump announced last week that he would announce new tariffs in the next month, or even sooner. He will add lumber and forest products, to his previously announced plans of imposing duties on imported automobiles, semiconductors, and pharmaceuticals.

Other metals include LME aluminium, which fell 1.02% at $2,660.5; LME zinc, which shed 0.5% to $2.914.5; nickel, up 0.8% at $15,640; tin, down 0.4% at $33,540, and lead, up 0.1% at $2,011.

The price of SHFE aluminium fell 1.03%, to 20,660 Chinese yuan per ton. SHFE copper dropped 0.1% to 77,250 Yuan. SHFE zinc dropped 0.2% at 24,045 Yuan. Nickel rose 0.5% to 125720 Yuan. Lead lost 0.09%, to 17,145 Yuan. Tin increased 0.2%, to 265,290 Yan. ($1 = 7,2498 Chinese Yuan) (Reporting and editing by Sumana Arora, Mrigank Dhaniwala).

(source: Reuters)