Copper fell as investors waited for demand from industrial users in top buyer China to rebound after the Lunar New Year break. Futures on the London Metal Exchange were down 0.4% in early Asian trading. That halted a two-day rally that had been aided by Chinese investors who cheered US President Donald Trump’s new 10% global tariffs, which effectively lowered the duty on goods shipped to the US fr...
Copper fell as investors waited for demand from industrial users in top buyer China to rebound after the Lunar New Year break. Futures on the London Metal Exchange were down 0.4% in early Asian trading. That halted a two-day rally that had been aided by Chinese investors who cheered US President Donald Trump’s new 10% global tariffs, which effectively lowered the duty on goods shipped to the US from the Asian nation. “Industrial metals are now lacking fresh bullish drivers,” said Aces Zhou, a trader with KS Commodities Ltd. However, many Chinese fabricators would only restart early next month, he added. The buildup of copper inventories in China was also greater than usual during the holiday period. Stockpiles in warehouses linked to global exchanges are also rising in a sign of tepid physical demand after prices surged to a record high in late January, supported by shifts in US trade policies and mine disruptions. Copper fell as much as 0.8% to $13,212.50 as of 10:47 a.m. in Shanghai. Other base metals also declined, with nickel down 1.2% to $17,860 a ton.
"All Necessary Measures": China Warns US Against New Tariffs Beijing cautioned Washington that it is prepared to respond forcefully - with "all necessary measures" - if a renewed US review of their 2020 trade pact leads to additional tariffs, after American officials indicated the inquiry would press ahead, according to Bloomberg . In remarks released Wednesday, China’s Commerce Ministry pushed ba...
"All Necessary Measures": China Warns US Against New Tariffs Beijing cautioned Washington that it is prepared to respond forcefully - with "all necessary measures" - if a renewed US review of their 2020 trade pact leads to additional tariffs, after American officials indicated the inquiry would press ahead, according to Bloomberg . In remarks released Wednesday, China’s Commerce Ministry pushed back on comments from US Trade Representative Jamieson Greer, arguing that China has upheld its commitments under the so-called Phase One agreement despite the economic shock of the pandemic. Officials said the country followed through on promises related to intellectual property protections and broader access to its financial and agricultural sectors. At the same time, the ministry accused the United States of hampering the deal’s rollout by expanding export controls, tightening scrutiny of cross-border investment and layering on other restrictions that, in Beijing’s view, have disrupted ordinary trade flows. It pointed to a policy paper issued in 2025 outlining China’s position. Bloomberg writes that the ministry warned that if Washington presses ahead with the investigation — or uses it as grounds to impose new trade barriers such as tariffs — China “will take all necessary measures” to safeguard what it described as its lawful interests. The back-and-forth adds a fresh dose of tension to the relationship ahead of President Donald Trump’s upcoming visit to Beijing, his first trip to China since 2017 and the first by a US president in years. The diplomatic friction follows a Supreme Court ruling that struck down sweeping emergency tariffs enacted during Trump’s second term, effectively lowering duties on Chinese goods compared with those faced by some US allies. Greer has said the administration retains authority to levy tariffs under Section 301 and other trade laws despite the court’s decision. The Office of the US Trade Representative launched its compliance review of th...
AI optimism and sector move lifting KLA Today’s rally in AI related chipmakers has KLA (KLAC) trading more than 3% higher, as investors position ahead of Nvidia’s earnings and reassess semiconductor equipment exposure tied to artificial intelligence spending. See our latest analysis for KLA. Beyond today’s move, KLA’s recent share price performance has been strong, with a 90 day share price return...
AI optimism and sector move lifting KLA Today’s rally in AI related chipmakers has KLA (KLAC) trading more than 3% higher, as investors position ahead of Nvidia’s earnings and reassess semiconductor equipment exposure tied to artificial intelligence spending. See our latest analysis for KLA. Beyond today’s move, KLA’s recent share price performance has been strong, with a 90 day share price return of 33.44% and a 1 year total shareholder return of 111.02%, indicating strong momentum around AI...
Nvidia Corp. says it secured a license to ship a small number of its less advanced H200 chips to customers in China, inching forward in its bid to return to the world’s largest semiconductor market. Bloomberg's Annabelle Droulers reports. (Source: Bloomberg)
Nvidia Corp. says it secured a license to ship a small number of its less advanced H200 chips to customers in China, inching forward in its bid to return to the world’s largest semiconductor market. Bloomberg's Annabelle Droulers reports. (Source: Bloomberg)
Beijing intervened and helped get charges dropped against three Chinese scientists at the University of Michigan who were accused of helping a colleague smuggle biological materials into the US, defence lawyers said. The materials turned out to be mostly tiny, transparent worms – nothing dangerous – though US officials last year hailed the arrests as a victory for national security. Attorney Gener...
Beijing intervened and helped get charges dropped against three Chinese scientists at the University of Michigan who were accused of helping a colleague smuggle biological materials into the US, defence lawyers said. The materials turned out to be mostly tiny, transparent worms – nothing dangerous – though US officials last year hailed the arrests as a victory for national security. Attorney General Pam Bondi said the government must be vigilant when foreign nationals try to “advance a malicious...