Reported about 10 hours ago
US President Trump announced plans to impose tariffs potentially up to 25% on imports from Canada and Mexico starting February 1, leading to a drop in base metal prices. Although he has not acted against China yet, traders remain cautious as global trade tensions rise, with copper prices decreasing significantly last quarter. The market is also affected by the upcoming Lunar New Year in China and the Federal Reserve's policy meeting.
Source: YAHOO