Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
23 April 2025 | Other

Easing tension between US and China stimulate growth in copper prices — Bloomberg

Copper
Easing tension between US and China stimulate growth in copper prices — Bloomberg

Copper prices have risen on the back of reduced trade tensions between the United States and China. US Treasury Secretary Scott Bessent has pointed to the need to cut tariffs against China. Additionally, American President Donald Trump has taken a conciliatory stance towards Beijing. This is reported by Bloomberg.

In London, prices for 3-month copper contracts reached approximately $9,450 per ton, up 2%. The growth was also supported by the retreat of Trump's threats towards Federal Reserve Chairman Jerome Powell. As recalled by the agency, the risk of firing the head of the US central bank had previously worried the markets and weakened the dollar.

The unstable situation in April, exacerbated by investors' fears due to the escalation of trade disagreements, did not significantly weaken copper prices. The red metal rose 0.8% to $9,391 per ton, approaching its highest level since the beginning of the month.

Elena Berseneva MarketCheese

Recommended

South Africa. Mining Production. The value of the indicator has increased from 2.8% to 4.6%
Yesterday at 9:30 AM
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 58.4K to 57.7K
6 March
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 59.3K to 58.4K
27 February
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 45.9K to 59.3K
20 February
United States. Atlanta Fed GDPNow. The value of the indicator remained at the same level of 2.7%
1 hour ago
Top news
United States. PCE price index (YoY). The value of the indicator has decreased from 2.9% to 2.8%
Today at 12:30 PM
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 3% to 3.1%
Today at 12:30 PM
United States. GDP (QoQ). The value of the indicator has decreased from 1.4% to 0.7%
Today at 12:30 PM
United States. Trade Balance. The value of the indicator has increased from $-72.9B to $-54.5B
Yesterday at 12:30 PM
United States. CPI (YoY). The value of the indicator remained at the same level of 2.4%
11 March
All news

Forecasts

Silver sell
Period: 27.03.2026 Expectation: 10000 pips
Silver consolidates below resistance
TA Other Indicators and reports Indicators Chart analysis Hot news
Today at 10:32 AM 21
Sinclair_John
AUDCAD buy
Period: 20.03.2026 Expectation: 1390 pips
AUDCAD pullback offers buying opportunity ahead of expected RBA hike
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 10:03 AM 17
Lyra_Moonwell1
Brent sell
Period: 30.04.2026 Expectation: 1500 pips
New play for Brent crude is to sell from $110 per barrel
FA Other TA Other
Today at 09:23 AM 11
Bruce_Powers
S&P 500 sell
Period: 31.12.2026 Expectation: 5000 pips
Selling SPX down to $6,200
FA Other TA Other
Today at 09:23 AM 12
McCarthy_Raymond
GBPUSD sell
Period: 20.03.2026 Expectation: 1100 pips
GBPUSD is on verge of breaching support amid global flight into dollar
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Today at 09:11 AM 15
Emily_Foster
Brent buy
Period: 20.03.2026 Expectation: 500 pips
Buying Brent crude with $105 in view
FA Other TA Other Indicators Chart analysis Hot news
Today at 07:49 AM 17
Reed_Marcus
Go to forecasts