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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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From finance.yahoo.com | Feb 16, 2026
Gold was little changed in early trade, with much of Asia closed for the Lunar New Year and after a US holiday on Monday. Bullion was near $5,000 an ounce, after falling 1% in the previous session. The metal had rallied briefly on Friday when modest US inflation data boosted the case for the Federal Reserve to trim interest rates. Lower borrowing costs are ...
From marketpulse.com | Feb 17, 2026
Happy Lunar New Year! Many Asian nations and people celebrate the beginning of the year of the Fire Horse, taking many essential commodity Markets off for this week. As detailed in our past day's Oil outlook, China being off can amplify moves in commodity markets, as the Shanghai Futures Exchange (where most Asian trading for metals occurs) is closed for ...
From steelnews.biz | Feb 16, 2026
Base metals closed with moderate losses on Friday, just ahead of the start of the Chinese New Year holiday. The LME began the new week on a calm note. In our own matter: the Gerber Group warns of rising costs and an increasingly blocked EU Single Market. Last Friday, Asian base metal prices closed with moderate losses. To a significant extent, this movement ...
