0954 GMT - Base metal prices are mixed, with LME three-month copper up 0.7% at $9,246 a metric ton and LME three-month aluminum down 0.2% at $2,391.50 a ton. Metals have broadly responded well to U.S. President Trump's 90-day pause on non-Chinese reciprocal tariffs, as well as a weakening U.S. dollar and stronger signs of demand in some markets, Morgan Stanley analysts say in a note. Copper is now trading around MS's base case estimate of $9,150 a ton on average for the second and third quarter. Hopes of Chinese fiscal stimulus to partially offset Trump's tariffs have also contributed to the stronger price, MS says. However, market uncertainty remains high and economic growth continues to look sluggish, capping any more significant potential gains for industrial metals, the analysts add. (joseph.hoppe@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 05:55 ET (09:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。