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Industrial Metals Steady During Lunar New Year Holiday
Industrial metals had a subdued start to the week, with many Asian traders offline for the Lunar New Year break, and the US also closed. Copper was little changed below $12,900 a ton in London, consolidating after recent volatility. Aluminum edged lower after falling on Friday following a report US President Donald Trump may narrow the scope of import tariffs. Near-record prices have chilled industrial demand for metals like copper in China, the world’s biggest buyer. As manufacturers pull back on orders for metal, exchange inventories have been rising, helping to replenish reserves after large volumes were drawn ... (full story)
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- Feb 16, 2026 10:14pm Posted byFundamental Analysis191
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