Violent tremor in the prices of basic minerals due to Trump, foremost of which is copper

Copper prices fell after US President Donald Trump said he was planning to impose customs duties on metal imports as well as aluminum and steel, which raised fears of commercial and modern wars about the dollar’s support and value, according to the American Bloomberg Network.
The copper decreased by 0.5% to 9049.50 dollars per ton on the London Metal Stock Exchange after a decrease of 2% earlier.
While aluminum fell 0.4% and zinc decreased by 0.9%, while iron crude futures decreased by 0.4% to $ 103.20 per ton in Singapore.

Trump pledged to impose new fees

Trump pledged to do so in a speech in which he also threatened to impose fees on computer chips and medicines in an attempt to enhance local manufacturing.
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The Financial Times reported that Treasury Secretary, Scott Besent, is pushing for comprehensive customs duties on American imports starting from 2.5 % and gradually increasing, quoting sources that the British newspaper did not name.
Trump later said he wanted to impose a “much larger” comprehensive fee than what he said.
US President Donald Trump confirmed that he wanted to impose a “much larger” comprehensive customs duties than 2.5%, which is the latest signal in a series of signals on Monday that he is preparing to impose large -scale fees to reshape US supply chains.
He also firmly suggested that the fees may also impose on the cars coming from Canada and Mexico the two countries that have already threatened them to impose customs duties by 25% on all products starting from the first of February.

The effect of the dollar on the mineral market

The value of the dollar increased, making the basic commodities denominated in the American currency more expensive for most buyers.
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Aluminum and iron ore prices also decreased modestly.
Analysts say that there may be due to the lack of significant reactions in the minerals to the threats of customs definitions to the sharp losses incurred by the markets on Monday, with the invasion of the wave of loss, Wall Street markets, amid the emergence of great risks and an overwhelming defeat for the shares of major technology as well New.

The most severe effect on Canada

It is likely that the most severe effect on Canada than any customs duties on mineral imports.
Morgan Stanley said in a memo this month that the closest northern United States neighbor formed slightly more than half of America’s aluminum imports in 2023.
Canada came second after Chile as a source of copper, while the first foreign resource of the United States was followed by Mexico and South Korea.

Metal market under pressure

Bloomberg said that the minerals used in the industry intensively are under pressure as merchants’ evaluation of the possibility of a lengthy commercial conflict, which would slow global growth and harm demand. In China, factories were shrinking in January three months of expansion, which indicates caution among local consumers, while the struggling Chinese real estate sector appears only for little signs of sustainable recovery.
Trump’s threat to impose customs duties on minerals and that is used in semiconductors hours after investor concerns about the Chinese company “Deep Cick” emerging for artificial intelligence, which led to the shaking of the markets and the erasing of billions of dollars from the market value of “Invidia”.

Trump’s contradictions contradict

However, Trump’s statements are flagrantly to the market speculation that his failure to impose immediate customs duties last week when he took office was a sign that he might reduce his position.
Trump’s speech came after he threatened to impose customs duties of up to 50% on Colombia after the country’s government initially refused to accept migrants deported by the United States on military aircraft and Trump did not agree to postpone until after the decline of the South American government.