Affected by the US election and the strong US dollar, the prices of basic metals are declining.

Jinshi data news on November 22nd, the prices of base metals have dropped. The three-month copper price on the London Metal Exchange fell by 0.3% to $8,996 per ton, and the three-month aluminum price on the LME fell by 0.5% to $2,619 per ton. Analysts at BMI pointed out in a report that industrial metal prices have been performing poorly due to the U.S. election and the continuous strengthening of the U.S. dollar. BMI stated that there may be higher inflation after Trump’s election as president, coupled with market expectations of a rate drop by the Fed, the dollar has risen. BMI added that looking ahead, as market expectations for the long-term strength of the dollar continue to strengthen, which is a major disadvantage for base metals, Trump’s victory has brought downward risks to base metal prices.