Mineral prices end up at the Trump's commercial war threat to the global demand

Copper, aluminum and zinc prices have collapsed jointly as minerals joined a wave of withdrawal from risks, amid the fear that the new comprehensive customs lines set by President Donald Trump could destroy the demand for industrial goods. The US president waged his commercial war by imposing a set of mutual fees described as more crueler than expected. Although minerals are very excluded from this drawing package, the danger is that Trump’s efforts to reform the global trading system can harm the global economy. The price of copper on the “London Metal Scholarship” fell by 2% to $ 9510.5 per ton, while aluminum dropped to the lowest level within about seven months. This was a reflection of the condition of the broader anxiety in the markets, as the stocks saw wide sales in Asia, while secure assets such as Gold Rose. Pressions on Industrial Minerals, Jia Cheng, senior senior trader at “Shanghai Dongwu Jiuying Investment Management”: “Industrial minerals are exposed to short -term pressure, as investors pump their money into safe assets and get rid of high riskatettes.” He added: “The markets monitor the retaliation measures that partner countries can take commercially for the United States, which can increase the mystery in the global economy.” China, whose exports to the United States is facing 54%of customs duties, has promised to take countermeasures to protect its interests, while Japan has renewed its claim that Trump has released his goods from the fees. As far as the European Union is concerned, it is 20% imposed, which is twice the 10% rate that Trump announced as a minimum global. The issue of minerals is dealt with within a separate fee system known as “Item 232”. Aluminum is already subject to 25% comprehensive fees on all imports to the United States, while coping money is expected to be imposed in the coming weeks. In terms of zinc, nickel, tin and other commodities, they are excluded from the fees for countries, although it may be subject to future investigations within the same item. Copper trading disorders have seen serious fluctuations in recent months since Trump’s use of customs duties to rebuild the local US industry, which led to a significant difference between prices in New York and London, and encouraged traders to impose large quantities to the United States before imposing any fees. But this trend suddenly disappeared after Bloomberg reported that the fees could be imposed earlier than expected, which urged the price gap to shrink more, and the buyer withdrew in more relationships on the “comics” exchange after Trump’s announcement in the “Garden of Roses”. “In the short term, prices have a counter -term due to news about customs duties, and copper missions for the United States are associated with it.” They expected the metal to reach $ 8,500 per tonne by the second quarter of the year, “with the expectation of global growth, copper consumption and risk appetite due to the increase in fees.” Most of the financial markets have fallen with investors chasing safe assets after Trump announced the mutual fees, while the US Treasury bonds recorded Rose and Gold a record level. Investors are now hampering the possible effects of transfers in the trading flow, to the consequences for costs, and the possibilities of setting up fees on more minerals. “There are final negative effects on global growth and high -risk performance, and this is the most important prices,” said Marcus Garvi, head of the Macquarie group. He added that the exclusion of most commodities of mutual fees “reduces the chances of extra damage between prices in the United States and abroad.” At 11:13 am Singapore time the buyer on the London metal stock exchange fell 1.5% to 9556.5 dollars per ton. New York copper contracts also fell 2.6%. In terms of aluminum and zinc, they both dropped more than 1%, while iron ore in Singapore fell 0.6%.