NEW DELHI- London copper eased on Monday as nervousness crept into metal demand after US President Donald Trump’s recent threats to raise tariffs.
Three-month copper on the London Metal Exchange (LME) fell 0.5 percent to $9,513.5 a metric ton.
“The sector is also seeing dislocation as it prepares for tariffs and sanctions on certain metals,” ANZ Research said.
Last week, Trump said he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals.
Among other metals, LME aluminum dropped 0.7 percent to $2,668, LME zinc shed 0.8 percent at $2,904, nickel lost 0.2 percent to $15,485, tin fell 0.08 percent to $33,650 and lead slipped 0.1 percent to $2,006.
SHFE aluminum eased 0.8 percent to 20,715 yuan ($2,857.32) a ton, SHFE copper fell 0.3 percent at 77,140 yuan, zinc slid 0.4 percent to 23,995 yuan, nickel dipped 0.2 percent to 124,750 yuan, lead lost 0.03 percent to 17,155 yuan, while tin firmed 0.6 percent to 266,410 yuan.
