11:00 - 2.12.2024
December 2, Fineko/abc.az. Copper prices decreased amid lingering concerns about possible U.S. tariffs on imports from China, ABC.AZ reports, referring to Morningstar.
According to Ole S. Hansen of Saxo Bank, such a move could disrupt global trade and reduce demand for metals such as copper and aluminum.
The strategist added that additional pressure on copper was exerted by concerns about a possible slowdown in the transition to new types of energy.
