Base Metals Edge Higher on Chinese Demand, U.S. Dollar Softness -- Market Talk

Dow Jones
Sep 09

0803 GMT - Base metal tick higher in early trading, with LME three-month copper up 0.1% at $9,919 a metric ton and three-month aluminum rising 0.3% to $2,617 a ton. China's preliminary trade data Monday pointed to strong domestic demand for industrial metals, while expectations of U.S. interest-rate cuts keep the dollar weaker, making dollar-priced commodities cheaper for international buyers. According to ING, aluminum imports rose, with LME data showing requests to withdraw 32,000 tons from warehouses in Malaysia. Meanwhile in corporate news, Anglo American and Teck Resources agreed to merge in a deal that will create one of the world's largest copper producers as miners look to shore up access to the key industrial metal. (giulia.petroni@wsj.com)

 

(END) Dow Jones Newswires

September 09, 2025 04:03 ET (08:03 GMT)

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