Base metals were higher this week after President Trump announced tariffs on steel and aluminum would be doubled to 50% on Wednesday. Copper gained on new supply concerns in the Congo, while the outlook on the Chinese economy softened.
LME Aluminum
LME Aluminum 3M settled at $2,450.00/mt, unchanged on the week.
LME Copper
LME Copper 3M settled at $9,693/mt, up $125/mt on the week.
LME Nickel
LME Nickel 3M settled at $15,487/mt, up $111/mt on the week.
CME Hot Rolled Coil (HRC) Steel
Prompt month HRC Steel last traded/settled at $876/T, up $128/t on the week.
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