The prices of basic minerals fell after US President Donald Trump said it would probably impose on the first February Customs definitions on Mexico and Canada, which led to the weakening of the market moral, despite his failure to impose fees on China. On his first day in power, Trump said he could impose customs tariffs up to 25% on Mexico and Canada at the beginning of next month. This led to the increase in the dollar index, which dropped sharply on Monday, which made the mineral more expensive for most buyers. Traders carefully monitor Trump’s actions with his return to power. The relatively studied approach to customs tariffs has given a little rest, especially with the decline in the appetite of the Asian state of most minerals, with the struggle to get out of economic slowdown. Trump ordered his administration to investigate whether Beijing complied with an agreement signed during his first term, according to a copy of the case, seen by “Bloomberg News”. Aluminum prices led the decline on the London metal share exchange, as it dropped from 09:21 in Singapore by 0.8% to $ 2669 per tonne. Copper prices fell 0.3%, and nickel prices fell 0.4%.
Basic mineral prices fall with the weakening of the market moral
