By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News for IndiaNews for IndiaNews for India
  • Home
  • Posts
  • Search Page
  • About us
Reading: Copper prices slide as investors brace for US tariff impact | Stock Market News
Share
Font ResizerAa
News for IndiaNews for India
Font ResizerAa
  • Economics
  • Business
  • Home
  • Categories
    • Business
    • Economics
  • About us
  • Sitemap
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News for India > Business > Copper prices slide as investors brace for US tariff impact | Stock Market News
Business

Copper prices slide as investors brace for US tariff impact | Stock Market News

Last updated: July 17, 2025 12:57 pm
3 weeks ago
Share
SHARE


SINGORE, – Copper prices slid in London and Shanghai on Thursday, as markets remained under pressure ahead of the United States’ 50% import tariff on the metal and broader trade levies set to take effect on August 1.

Three-month copper prices on the London Metal Exchange softened 0.38% to $9,598 per metric ton, as of 07:05 GMT, and the most-traded copper contract on the Shanghai Futures Exchange ticked down 0.15% at 77,840 yuan a ton.

With the 50% tariff announced by U.S. President Donald Trump, the U.S. market is likely to draw on its existing stockpile, putting downward pressure on COMEX copper prices and LME copper prices in the short term, ANZ said.

Among the ongoing trade talks, the U.S. is very close to a trade deal with India, while an agreement could possibly be reached with Europe, but it is too soon to say whether a deal can be agreed with Canada, Trump said in an interview aired on Real America’s Voice on Wednesday.

By Wednesday, copper stocks at the LME-registered warehouses

gained 10,525 tons to 121,000 tons, and the LME’s eight registered warehouses in Hong Kong, which went into formal operation on Tuesday, received 5,975 tons of copper

, 396 tons of nickel

, 100 tons of zinc

, and 25 tons of tin

.




The LME has set up these warehouses, aiming to increase its presence in Hong Kong, which is the gateway to China, the world’s biggest metals consumer.

LME tin gained 0.45% to $32,945 a ton, while zinc eased 0.66% to $2,693, lead slipped 0.48% to $1,967, nickel slipped 0.44% to $14,960, and aluminium ticked down 0.37% at $2,568.

SHFE nickel fell 0.6% to 119,880 yuan a ton, tin dropped 0.59% to 261,920 yuan, lead was down 0.3% at 16,845 yuan, while zinc gained 0.52% to 22,130 yuan, and aluminium edged up 0.12% at 20,455 yuan.

For the top stories in metals and other news, click or

This article was generated from an automated news agency feed without modifications to text.



Source link

You Might Also Like

Top three stocks to buy today—recommended by Ankush Bajaj for 8 August

Best stock recommendations today—from MarketSmith India for 8 August

Best stocks to buy—recommended by NeoTrader’s Raja Venkatraman for 8 August

FPI short covering might fuel stock recovery ahead of Trump-Putin talks

BSE Q1 Results: Net profit doubles to ₹539 crore; revenue jumps 59% | Stock Market News

TAGGED:Copper pricesimport tariffLondon Metal ExchangeShanghai Futures Exchangetrade levies
Share This Article
Facebook Twitter Email Print
Previous Article Japans Nikkei gains on weaker yen; chip shares cheer TSMC earnings | Stock Market News
Next Article Why dividends are better than stock buybacks
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

News for IndiaNews for India
© Wealth Wave Designed by Preet Patel. All Rights Reserved.
  • BUSINESS