Volatility could roil base metal markets in 2025; analysts favour copper, tin amid energy transition

BASE metal prices have been lifted this year by robust market fundamentals and a rise in green sentiment. But market watchers warn that the potential of a stronger US dollar and escalating trade tensions as Donald Trump returns to the White House could weigh on the market in 2025.

Base metals, in general, have touched new highs in 2024.

Through Dec 10, London Metal Exchange-listed tin and zinc have climbed about 17 per cent, followed by aluminium (9.4 per cent) and copper (7.7 per cent). Lead has traded relatively flat so far this year, while nickel is the only metal down.