International Metal Market Developments

Prices of aluminum, copper, and tin have risen sharply on the international metal market, reflecting optimistic trends in global trade and specific supply-side factors.

Price Updates for Key Metals:

• Aluminum: The 3-month forward price of aluminum on the London Metal Exchange rose by 1.5% to $2,726 per tonne, marking its fifth consecutive session of gains due to the EU's ban on primary aluminum imports from Russia.
• Copper: Copper prices increased by 0.8% to $9,539 per tonne, supported by a weaker US dollar, which makes the metal more attractive to buyers using other currencies.
• Tin: Tin prices surged by 2.3% to $33,455 per tonne, reaching their highest level since October 2024.

The metals market continues to react positively to expectations of a trade agreement between the US and China, which helps to ease concerns about global trade tensions.