Metal prices fall at London Exchange


https://www.saba.ye/en/news3501011.htm

Yemen News Agency SABA
Metal prices fall at London Exchange
[17/ June/2025]

London - Saba:

Metal prices fell on the London Metal Exchange on Tuesday, affected by the strengthening dollar amid escalating tensions in the Middle East.

The three-month copper contract on the London Metal Exchange fell 0.3 percent to $9,673.50 per metric ton by 01:24 GMT.

Aluminum fell 0.1 percent to $2,511.50 per ton, zinc fell 0.4 percent to $2,649, lead fell 0.4 percent to $1,998.50, nickel fell 0.4 percent to $15,005, and tin fell 0.4 percent to $32,505.

Meanwhile, the most actively traded copper contract on the Shanghai Metal Exchange rose 0.3 percent to 78,500 yuan ($10,934.67) per metric ton.

US stock futures fell, while oil prices rose, amid escalating geopolitical tensions in the Middle East.

The dollar index rose 0.3 percent against a basket of currencies, making dollar-denominated commodities more expensive for buyers holding other currencies.

On the positive side, better-than-expected retail sales data from China, released on Monday, bolstered hopes for increased demand for metals in the world's second-largest economy.

Meanwhile, the United States announced its intention to impose quotas on steel and aluminum imports from the United Kingdom, exempting them from 25 percent tariffs, as part of an agreement reached between the two countries during the G7 summit on Monday.

On the Shanghai Stock Exchange, aluminum remained stable at 20,400 yuan per ton, lead at 16,915 yuan, nickel fell 1.1 percent to 118,400 yuan, zinc rose 0.3 percent to 21,870 yuan, and tin fell 0.4 percent to 263,620 yuan.