Part 4/5:
The ASX 200 is expected to open with a modest decline of around 0.25%, influenced by global factors. A significant development impacting commodities was the sharp decline in copper prices, which fell nearly 20% overnight. This drastic move occurred after the Trump administration made adjustments to tariffs on copper imports, acting as a catalyst for the fall.
Although Australia's copper exports account for only about 1% of total shipments to the US, the price volatility underscores broader concerns. There is a substantial price disparity between copper markets within and outside the US, and this gap is anticipated to begin narrowing in the coming days as market adjustments occur.