Metal prices climb amid easing rate hike prospects

Copper and many other industrial metals have risen, supported by the decline of the US dollar and decreased expectations of interest rate hikes by the Federal Reserve. Weak US employment data boosted the chances of easing monetary policy pressures. Copper prices increased by 0.7% to $13,413 per ton, while aluminum gained 0.6% to $3,110 per ton, as aluminum faces its largest monthly loss since 2008. Nickel, zinc, and tin prices also rose, although experts warn that gains may remain limited due to weakness in traditional industries.

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