Metals are being pressured lower by a strengthening U.S. dollar, though a deeper sell-off is being quelled by persistent concerns of a shortage of copper ore, Commerzbank analysts said.

President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.

The prospect of U.S. import tariffs on copper has been a bonanza for physical metal traders, but the resulting price turbulence has been a big headache for fund managers.

Constellium's Q1 2025 results reveal growth driven by Packaging, despite declining shipments and challenges in Germany. Read more on CSTM stock here.