Base Metals Mixed; Copper Gains But Growth Risks Remain -- Market Talk

Dow Jones

Apr 14, 2025

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)

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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2025 05:55 ET (09:55 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 Metals Mixed; Copper Gains But Growth Risks Remain -- 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 Metals Mixed; Copper Gains But Growth Risks Remain -- 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\">2025-04-14 17:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2025 05:55 ET (09:55 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":"LU2028103732.USD","symbol_name":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2527415138","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527415138","pubTimestamp":1744624500,"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":"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. 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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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 14, 2025 05:55 ET (09:55 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}