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Industrial Metals Steady During Lunar New Year Holiday

Jessica Zhou
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⚡ Quantum Brief
Industrial metals markets opened quietly on Monday as Asian traders remained offline for the Lunar New Year holiday, while U.S. markets were also closed. Copper prices held steady below $12,900 per ton in London, showing minimal movement after recent volatility in the commodity’s trading. Aluminum prices stabilized following a Friday decline, which was triggered by reports that U.S. President Donald Trump might reduce the scope of import tariffs. The subdued trading activity reflects reduced liquidity due to the holiday period, with key markets in China and other Asian economies temporarily paused. Analysts suggest the lull may persist until traders return, though broader economic policies—like tariff adjustments—could reignite volatility.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Industrial metals had a subdued start to the week, with many Asian traders offline for the Lunar New Year break, and the US also closed.Copper was little changed below $12,900 a ton in London, consolidating after recent volatility. Aluminum steadied after declining on Friday following a report US President Donald Trump may narrow the scope of import tariffs.

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Source: Bloomberg Markets

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