Group 1 - The U.S. Supreme Court ruled that the Trump administration's large-scale tariff policy was illegal, leading to a rise in prices of base metals like copper and aluminum on the London Metal Exchange (LME) [1][3] - On February 20, LME three-month copper rose by $155 or 1.21%, closing at $12,964.0 per ton, while three-month aluminum increased by $35 or 1.14%, closing at $3,102.5 per ton [3] - The ruling is expected to reduce short-term risks to global trade flows and industrial demand, which is beneficial for base metals, although some industry-specific tariffs remain in effect [3] Group 2 - LME copper inventory reached 235,150 tons, the highest since March 2025, with a 65% increase in inventory levels this year [4] - The market experienced fluctuations, initially pressured by a strong dollar, rising LME inventories, and weak demand outlook due to the Chinese New Year holiday, but later rebounded due to positive market sentiment following the Supreme Court ruling [2][4] - Despite the positive sentiment, the potential for alternative trade measures and remaining specific tariffs may limit the upside for metal prices [3]
金属全线飘红 期铜走高，因最高法院裁定特朗普关税违法【2月20日LME收盘】
Wen Hua Cai Jing·2026-02-21 01:47