Copper metal price on March 15: reversed to decrease

Benchmark three-month copper on the London Metal Exchange rose 0.1%.

Benchmark three-month copper on the London Metal Exchange edged up 0.1% to $9,797 a tonne, down from $9,850 a tonne, its highest since Oct. 9.

Prices fell after new bank lending in China fell more than expected in February from a record high the previous month.

"This doesn't really instill confidence that China has things under control in terms of stimulus and domestic activity, so that will be detrimental to copper prices," said Nitesh Shah, commodity strategist at WisdomTree.

Copper has swung between concerns that demand will be hit if growth slows and buying based on the assumption that tariffs will force US consumers to pay more for the metal.

The most-active U.S. Comex May copper futures contract was little changed at $4.93 a pound after hitting $4.96, its highest since May last year.

The Comex copper price differential over LME is $1,063/tonne.

Tin prices remained high after Alphamin Resources halted operations at its Bissie tin mine in the Democratic Republic of Congo. LME futures jumped to their highest level since 2022 on Thursday.

Tin futures on the Shanghai Futures Exchange rose 8.6% after hitting a gain of more than 10% in morning trade in Asia.

LME tin rose 1.4% to $36,410 a tonne after hitting $37,100 a tonne, its highest since June 2022.

LME aluminum fell 0.2% to $2,696.50 a tonne, while nickel rose 1.1% to $16,690. Lead rose 0.5% to $2,082.50 and zinc rose 1% to $2,990.50.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-15-3-quay-dau-giam.html