[First Trading Day of the Year of the Snake: Limited Increase in Copper Prices Expected]
Macro side, the US previously delayed imposing import tariffs on goods from Mexico and Canada, easing trade tensions. However, concerns over trade tensions and global economic growth persist. Meanwhile, US job openings hit their lowest level since September last year, and the monthly rate of factory orders in December recorded the largest decline since June 2024. Weak data led to a decline in the US dollar, providing some support to LME copper, but gains were limited amid concerns over demand prospects.


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