Base Metal Prices Rise; Rush to Beat Tariffs Push U.S. Premiums to Records -- Market Talk

Dow Jones

Mar 04, 2025

1657 GMT - Base metal prices rise, with LME three-month copper up 0.2% at $9,376.50 a metric ton and LME three-month aluminum up 0.3% at $2,611 a ton. Metal prices are becoming increasingly disjointed across different markets alongside President Trump's escalating U.S. tariff policy announcements, HSBC analysts say in a note. The premium for copper in New York over London prices rose to a new high, the Midwest aluminum premium has surged and the spread between gold futures and spot prices has spiked, HSBC writes. Traders have been looking to secure commodity supplies in the U.S. ahead of any tariffs--adding to a surge in the country's trade deficit by nearly 26% on month, its widest on record, HSBC adds. (joseph.hoppe@wsj.com)

(END) Dow Jones Newswires

March 03, 2025 11:57 ET (16:57 GMT)

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Metal prices are becoming increasingly disjointed across different markets alongside President Trump's escalating U.S. tariff policy announcements, HSBC analysts say in a note. The premium for copper in New York over London prices rose to a new high, the <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> aluminum premium has surged and the spread between gold futures and spot prices has spiked, HSBC writes. Traders have been looking to secure commodity supplies in the U.S. ahead of any tariffs--adding to a surge in the country's trade deficit by nearly 26% on month, its widest on record, HSBC adds. (joseph.hoppe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2025 11:57 ET (16:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Base Metal Prices Rise; Rush to Beat Tariffs Push U.S. Premiums to Records -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBase Metal Prices Rise; Rush to Beat Tariffs Push U.S. Premiums to Records -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-04 00:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1657 GMT - Base metal prices rise, with LME three-month copper up 0.2% at $9,376.50 a metric ton and LME three-month aluminum up 0.3% at $2,611 a ton. Metal prices are becoming increasingly disjointed across different markets alongside President Trump's escalating U.S. tariff policy announcements, HSBC analysts say in a note. The premium for copper in New York over London prices rose to a new high, the <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> aluminum premium has surged and the spread between gold futures and spot prices has spiked, HSBC writes. Traders have been looking to secure commodity supplies in the U.S. ahead of any tariffs--adding to a surge in the country's trade deficit by nearly 26% on month, its widest on record, HSBC adds. (joseph.hoppe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2025 11:57 ET (16:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516563336","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516563336","pubTimestamp":1741021020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1657 GMT - Base metal prices rise, with LME three-month copper up 0.2% at $9,376.50 a metric ton and LME three-month aluminum up 0.3% at $2,611 a ton. Metal prices are becoming increasingly disjointed across different markets alongside President Trump's escalating U.S. tariff policy announcements, HSBC analysts say in a note. The premium for copper in New York over London prices rose to a new high, the Midwest aluminum premium has surged and the spread between gold futures and spot prices has spiked, HSBC writes. Traders have been looking to secure commodity supplies in the U.S. ahead of any tariffs--adding to a surge in the country's trade deficit by nearly 26% on month, its widest on record, HSBC adds. 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Metal prices are becoming increasingly disjointed across different markets alongside President Trump's escalating U.S. tariff policy announcements, HSBC analysts say in a note. The premium for copper in New York over London prices rose to a new high, the Midwest aluminum premium has surged and the spread between gold futures and spot prices has spiked, HSBC writes. Traders have been looking to secure commodity supplies in the U.S. ahead of any tariffs--adding to a surge in the country's trade deficit by nearly 26% on month, its widest on record, HSBC adds. (joseph.hoppe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2025 11:57 ET (16:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}