Copper Falls as Citi Predicts Prices Will Retreat on US Tariffs.

CITIGROUP Inc. 197329691 C

Copper prices in London have decreased following Citigroup Inc.'s warning of a potential drop due to US tariffs impacting demand. Despite a recent 8% increase in copper prices this year, Citigroup analysts predict a decline to $8,500 a ton after early April. The spread between Comex and LME copper may widen as tariffs affect the metal's value in the US. Iron ore futures in Singapore and steel contracts in Shanghai remained relatively stable. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)