There was little change during the trading session.

Copper prices remained virtually unchanged at $9,465.50 per ton.

Copper prices were virtually unchanged at $9,465.50 per ton on the London Metal Exchange (LME), while aluminum rose 0.4% and zinc fell 0.3%.

The metal has risen more than 8% this year due to a recovery in physical markets, while the LMEX index, which tracks six major contracts on the LME, closed at a three-month high on Tuesday.

Citigroup analysts said in a note that copper could hold its current level of around $9,400 per ton until early April, after which the imposition of US tariffs could cause prices to fall to $8,500 within three months.

According to feedback from businesses, the direct impact of Trump's tariff policy at this stage is negligible. However, downstream market sentiment for purchasing has been dampened by high copper prices.

Prior to the Lunar New Year, the market was generally pessimistic about the future. However, after the holiday, copper prices continued to fluctuate at high levels. This trend reduced the willingness of downstream businesses to purchase and curbed market demand. Several copper businesses reported that recent order volumes showed mediocre performance, with significant market pressure.

Analysts say the spread between Comex and LME copper could widen to $1,400 per ton, from the current level of over $800 per ton, as tariffs make the metal more valuable in the US.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-20-2-khong-thay-doi-nhieu-trong-phien-giao-dich.html