The short-term fundamentals of zinc remain unclear, with attention focused on macro guidance. Macro-wise, the US is expected to impose additional tariffs on copper imports, leading to a significant surge in copper prices and driving up non-ferrous metal prices. However, the subsequent imposition of a 25% tariff on imported cars by the US, along with the anticipated implementation of reciprocal tariffs on April 2, has raised concerns about a global manufacturing slowdown, resulting in a decline in market risk appetite and putting pressure on non-ferrous metal prices.
Mar 28, 2025 15:46