{"id":1115543,"date":"2019-05-10T21:46:25","date_gmt":"2019-05-10T21:46:25","guid":{"rendered":"http:\/\/www.mining.com\/?p=986996"},"modified":"2019-05-10T21:46:25","modified_gmt":"2019-05-10T21:46:25","slug":"us-china-trade-war-isnt-buckling-copper-price-yet","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1115543","title":{"rendered":"US-China trade war isn\u2019t buckling copper price \u2013 yet"},"content":{"rendered":"

The price of copper managed to trade higher, despite simmering trade tensions between the world\u2019s two largest economies erupting into all-out war.<\/p>\n

In afternoon trading, copper for delivery in July touched $2.797 a pound ($6,165 a tonne), up nearly 1% from Thursday\u2019s settlement. While well down from its 2019 highs, copper is still holding onto 4.5% gains year-to-date.<\/p>\n

The US hiked tariffs on $200B of Chinese imports with nearly 6,000 products now incurring a 25% levy, up from 10% previously.<\/p>\n

\"US-China<\/a><\/p>\n

China imports nearly half the world\u2019s copper and the country\u2019s economic growth had been slowing well before the trade dispute began to impact the outlook for industrial metals.<\/p>\n

Copper is particularly vulnerable to a slowdown in global trade as the metal is widely used in construction, transport, manufacturing and electricity generation.<\/p>\n

In a note, Capital Economics points out that certain metals are \u201cmuch more exposed to disruptions to US-China trade than others\u201d:<\/p>\n

\n

Given that electronics make up around 30% of total US imports from China, the prices of metals which are used widely in the electronics sector, and tin in particular, appear especially at risk.<\/p>\n<\/blockquote>\n

For now, however, the London-headquartered independent research firm does not think the tariffs will have a major impact on Chinese GDP, and are predicting a 0.7% drag on growth, but only in the event the higher tariffs are extended to all US imports.<\/p>\n

The US imports some $540B worth of goods from China per year, and Beijing was on Friday still mulling countermeasures for the $120B it imports from the US each year. China releases manufacturing, fixed investment and other indicators on Wednesday.<\/p>\n

The post US-China trade war isn\u2019t buckling copper price \u2013 yet<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

But tin, nickel miners and aluminum manufacturers should worry more.<\/p>\n

The post US-China trade war isn’t buckling copper price – yet<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[404,369,414,589,428],"tags":[30,33],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1115543"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1115543"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1115543\/revisions"}],"predecessor-version":[{"id":1115544,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1115543\/revisions\/1115544"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1115543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1115543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1115543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}