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METALS-Copper prices edge lower on trade war worries
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METALS-Copper prices edge lower on trade war worries
Sep 2, 2025 12:57 AM

(Updates prices to Asia market close)

By Lucas Liew

Sept 2 (Reuters) - Copper prices ended lower across

major exchanges on Tuesday, as trade war worries and a firmer

dollar weighed on broader sentiment, though robust Chinese

demand capped losses.

Three-month copper on the London Metal Exchange was

down 0.02% at $9,882 per metric ton, as of 0714 GMT, while the

most-traded copper contract on the Shanghai Futures Exchange

lost 0.06% to 79,660 yuan ($11,136.74) a ton.

Despite concerns that the trade war would weigh on copper

consumption, as well as expectations of falling prices after the

U.S. refrained from imposing import tariffs on refined metal,

copper demand has proven resilient, supported by strong activity

in China, said analysts from ANZ on Tuesday.

Analysts from ING noted that the upcoming U.S. jobs report

this Friday will be the focus for the market, with expectations

of a weakening labour market reinforcing the case for potential

rate cuts.

Broadly, a private PMI survey showed that China's factory

activity in August expanded at the quickest pace in five months

on rising new orders.

Still, the dollar index, which measures the U.S.

currency against six major peers, was last up 0.2% at 97.873.

A firmer dollar makes greenback-denominated assets less

affordable to holders of other currencies.

Among other London metals, aluminium climbed 0.23%

to $2,617 a ton, zinc rose 0.41% to $2,844, while nickel

dipped 0.9% to $15,300, lead fell 0.67% to

$1,990, and tin eased 0.22% to $34,875.

SHFE aluminium rose 0.24% to 20,720 yuan, lead

edged 0.06% higher to 16,850 yuan, tin

strengthened 0.08% to 273,980 yuan, and zinc climbed

0.59% to 22,325 yuan, while nickel lost 0.2% to 122,530

yuan.

For the top stories in metals and other news, click

or

($1 = 7.1529 Chinese yuan)

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