Copper and aluminum fall on the exchange

Three-month copper on the London Metal Exchange (LME) fell 0.7%.

Three-month copper on the London Metal Exchange (LME) fell 0.7% to $8,950 a tonne in open trading.

"Industrial metals have also struggled amid rising tensions and the threat of tariffs, which have dampened the near-term growth and demand outlook while gold and other investment metals have received safe-haven bids," said Ole Hansen, head of commodity strategy at Saxo Bank.

Gold rose 1% on Friday on signs of an escalation in the Russia-Ukraine war following Russia's attack on Ukraine with a newly developed hypersonic ballistic missile.

A poll, the first to look at China’s economy since Donald Trump’s landslide election victory on November 5, showed this week that the US could impose tariffs of nearly 40% on imports from China early next year.

Meanwhile, the recent decline in copper prices has helped restore some demand in China - evident in a five-week decline in copper inventories in warehouses monitored by the Shanghai Futures Exchange.

LME aluminium fell 0.7% to $2,614 in official trade, zinc fell 0.9% to $2,963, tin fell 0.2% to $28,700, while nickel rose 1.0% to $15,875 with some consumer buying supported by its recent price decline.

Lead rose 0.9% to $2,017, supported by a drop in inventories tracked by the Shanghai Metal Exchange and new inventory cancellations in LME-registered warehouses.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-23-11-dong-va-nhom-giam-tren-san-giao-dich.html