LME copper hits over one-week high as dollar slides on US tariff ruling | Metals Mine

  • LME copper hits over one-week high as dollar slides on US tariff ruling

    From brecorder.com

    LME copper hit a more than one-week high on Monday, while most other metals in the base metals complex also gained as the dollar fell after the US Supreme Court on Friday struck down a vast swathe of tariffs imposed by US President Donald Trump. Benchmark copper on the LME was up 0.2% at $12,978.50 a metric ton as of 0309 GMT, earlier hitting a more than one-week high of $13,050. The Shanghai Futures Exchange, closed for the Lunar New Year holiday, will reopen on February 24. “Base metals are quietly benefiting from the court’s (tariff) ruling, but that is mostly due to the dollar’s slide,” KCM Trade’s ... (full story)

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