AIRLINK 186.31 Increased By ▲ 1.39 (0.75%)
BOP 10.28 Increased By ▲ 0.67 (6.97%)
CNERGY 7.53 Increased By ▲ 0.27 (3.72%)
FCCL 37.01 Increased By ▲ 0.58 (1.59%)
FFL 14.66 Increased By ▲ 0.32 (2.23%)
FLYNG 24.39 Increased By ▲ 0.11 (0.45%)
HUBC 129.30 Increased By ▲ 2.89 (2.29%)
HUMNL 13.51 Increased By ▲ 0.71 (5.55%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.98 Increased By ▲ 0.04 (0.67%)
MLCF 43.42 Increased By ▲ 1.15 (2.72%)
OGDC 200.97 Increased By ▲ 2.46 (1.24%)
PACE 6.07 Decreased By ▼ -0.01 (-0.16%)
PAEL 39.65 Increased By ▲ 1.90 (5.03%)
PIAHCLA 16.93 Decreased By ▼ -0.16 (-0.94%)
PIBTL 7.81 Increased By ▲ 0.07 (0.9%)
POWER 9.01 Decreased By ▼ -0.21 (-2.28%)
PPL 171.88 Increased By ▲ 3.79 (2.25%)
PRL 34.71 Increased By ▲ 1.96 (5.98%)
PTC 22.35 Decreased By ▼ -0.07 (-0.31%)
SEARL 105.16 Increased By ▲ 3.28 (3.22%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 35.33 Decreased By ▼ -0.20 (-0.56%)
SYM 17.52 Decreased By ▼ -0.40 (-2.23%)
TELE 8.25 Increased By ▲ 0.08 (0.98%)
TPLP 11.70 No Change ▼ 0.00 (0%)
TRG 66.23 Increased By ▲ 0.11 (0.17%)
WAVESAPP 11.75 Decreased By ▼ -0.04 (-0.34%)
WTL 1.53 No Change ▼ 0.00 (0%)
YOUW 3.70 Decreased By ▼ -0.09 (-2.37%)
BR100 11,738 Increased By 128.2 (1.1%)
BR30 34,641 Increased By 524.7 (1.54%)
KSE100 111,378 Increased By 1055 (0.96%)
KSE30 34,797 Increased By 386.1 (1.12%)

Copper prices eased on Tuesday but were on track for a second consecutive yearly gain, while the red metal’s outlook for next year hinges on China’s economic recovery and Donald Trump’s policies.

Three-month copper on the London Metal Exchange (LME) fell 0.4% at $8,872.50 per metric ton by 1010 GMT but gained 3.7% for the year.

“Supply setbacks at global mines contributed to a tightening in global copper market… On the demand side, industrial recovery in key economies alongside demand from the green energy transition helped support prices,” said Aneeka Gupta, director of macroeconomic research at WisdomTree.

In May, copper prices scaled a historic high of $11,104.50, fuelled by a fund-buying frenzy. But, since then, prices have fallen about 20% - pressured by a strong dollar, import tariff threats and persistent doubts over China’s recovery.

China, the biggest commodity consumer, has struggled to recover amid weak consumption and a protracted property crisis. However, policymakers hope a recent blitz of fiscal and monetary measures will spark a turnaround.

London copper dips as market awaits China data

Meanwhile, Trump threatened tariffs in excess of 60% on Chinese goods during his campaign.

“Uncertainty around the scope and fallout of any possible trade wars under the incoming Trump administration could cast a cloud over industrial metals demand,” said Tim Waterer, chief market analyst at KCM Trade.

“If 2025 sees a continuation of the Chinese economic malaise, this could be a headwind for the copper price.”

LME aluminium dipped 0.1% at $2,548 a ton and rose 7% this year, aided by a raw material shortage. Prices of alumina, the main ingredient for making primary aluminium, rallied this year due to supply disruptions.

LME zinc dropped 0.3% to $3,011.50 and rose 13.3% for the year. Tin fell 0.8% to $29,050 and registered an annual gain of 14.4%.

LME nickel lost 0.3% to $15,360, while lead was 0.1% higher at $1,949. The metals chalked up annual losses of 7.5% and 5.8%, respectively.

Comments

200 characters