Overseas Metal Futures Market Declines Sharply on Qingming Holiday Amid US "Reciprocal Tariffs

Published: Apr 7, 2025 08:58

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During the Qingming holiday, the overseas metal futures market entered a full-scale recession trading mode due to the US announcement of imposing "reciprocal tariffs," with LME copper prices plummeting significantly. As of April 4, LME copper closed at $8,690/mt, down 10.42% from the pre-holiday closing price on April 2. In the early morning of April 7, as of the time of writing, LME copper fell to $8,240/mt, a drop of over 5%. SHFE copper opened with a limit-down.

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