Copper prices fall as China prepares to react to US tariffs Market Discussion



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Copper prices fell after China said it would react to additional US tariffs, raising concerns about global growth and demand for metals.

But some other industrial metals advanced in trading as investors bought to hedge their positions.

The Chinese Finance Ministry said on Thursday that Beijing should take the necessary measures to deal with the latest US tariffs on Chinese goods, worth $ 300 billion, while US President Donald Trump said that any trade agreement with China must comply with US conditions.

London's copper futures contract fell 0.2% to $ 5,751 per tonne, continuing to approach the two-year low of $ 5,640 earlier this month -this.

Nickel contracts rose 1.9% to $ 16,250 a tonne after hitting a 16-month high last week due to concerns over Indonesia's supply disruption.

Aluminum rose 0.4% to close the session at 1782 dollars a ton.

Zinc contracts rose 0.4% to close at $ 2264 per tonne, while main contracts rose 1.1% to $ 2064 per tonne.

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