Copper falls after hitting a height of three months

New bank loans in China hit a record high in January

American mutual tariff schemes delayed by 1 April

Premium on US Copper Futures vs LME contract

LME Cash vs three months copper spread to a premium

London, 14 February (Reute) – Copper prices fell after reaching their highest level in London in London on Friday as American retail sales data recalled hopes, consumer consumers of top metals made better demands in China Removing the possibilities.

The three -month copper on the London Metal Exchange was below $ 9,456 a MT below 1738 GMT, at $ 9,684.50 since 7 November.

US retail sales fell the most in about two years in January, shown data on Friday, a sharp recession in economic growth in the first quarter.

Meanwhile, the new bank loans in China grew more than expected of a record high in January as the central bank went to increase the expectations of higher stimulation in the coming months, to increase a patching to increase economic improvement.

Dan Smith, head of research on amalgamated metal trading, said, “The demand in China looks quite good, especially for copper, after returning from (lunar New Year holiday),”.

The market separated American import concerns as President Donald Trump on Thursday ordered American authorities to study mutual tariffs against countries that keep tariffs on American goods and to return their recommendations by 1 April For.

Smith said, “Tariff risks are being seen for now, because after all rhetoric, these are the tasks that actually count,” Smith said.

The LME copper contract is 5% above this month, supported by a jump in US Comex Copper Futures. The premium for US futures on LME contract reached a record higher level above $ 1,000 per ton this week, but fell below the mark on Friday.

LME Cash Contract and spread between three months contract

Friday was final for a premium and at $ 13.4 after an unusually unstable session.

LME aluminum ranged from 1.3% to $ 2,637 per ton. US tariff concerns have helped increase the US midwest aluminum premium to 39% this month and is at the highest level since April 2022.

Among other metals, zinc fell 0.1% to $ 2,842 per tonne and 2.3% in tin to $ 32,595. Zinc hit his highest since January 22, while Tin touched his highest since 16 October.

The lead increased to $ 1,985.50 below 0.1% and Nickel rose 0.6% to $ 15,460. (Reporting by David Goodman, Ellen Hardcasal in London)