PRECIOUS METALS | Copper and Aluminum Prices Decline Amid Rising Stockpiles and Tariff Concerns

Copper and aluminum prices experienced a decline due to increasing stockpiles and ongoing tariff uncertainties. Bloomberg posted on X, highlighting that the sentiment in the market was affected as many Asian traders were absent from their desks during the Lunar New Year holiday. The accumulation of copper inventories has contributed to the downward pressure on prices, while concerns over tariffs continue to create uncertainty in the market. The absence of traders during the holiday period has further impacted trading activities, leading to subdued market conditions.