Base metals prices were firmer on the London Metal Exchange on Tuesday April 3, extending gains from before the long Easter weekend at the start of the second quarter, the peak season for metals demand.
Aluminium's three-month price, which bucked the uptrend on Thursday and dropped 1.5%, was recovering today and climbing back over $2,000 per tonne.With speculation over trade wars continuing to mount, China's blanket 25% import tariff on recycled aluminium from the United States in retaliation to recent US duties could affect future aluminium trading."[The metals] have seen fit to ignore the latest round of tariffs in the steadily escalating trade war between the US and China and weaker Asian stock markets," Malcolm Freeman, director and chief executive officer of...