Copper metal price on March 27: End of the increase, slightly decreased

Three-month copper on the London Metal Exchange (LME) fell 0.6%.

Benchmark three-month copper on the London Metal Exchange (LME) fell 0.6% to $10,050 a tonne.

The focus is on potential reciprocal tariffs that the Trump administration could impose on April 2, causing some market jitters.

The dollar took a breather on Wednesday, with weak US confidence data and concerns about the impact of full-blown tariffs on US growth capping a recent recovery.

A weaker dollar makes commodities priced cheaper for buyers using other currencies.

Last month, US President Donald Trump ordered an investigation into potential new tariffs on copper imports to rebuild US production of the metal vital to electric vehicles, military hardware, the power grid and many consumer goods.

The market has been watching the industrial metal's movements to the US ahead of the decision.

“I agree that there is a significant diversion of units to the US and stocks there are building up,” said Natalie Scott-Gray, senior metals analyst at StoneX. “A lot of this material will come from the usual sources, which is Chile or Canada coming into the country… Meanwhile, China is short of material, as units are diverting to the US from producers like Chile, so they need material and can source it from the LME or off-exchange sources.”

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-27-3-dut-da-tang-quay-dau-giam-nhe.html