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Industrial Metals:
Copper stands out this week with remarkable strength, indicating sustained demand or a limited supply of this key metal for the construction and infrastructure sectors. In contrast, other industrial metals have generally declined, reflecting some caution in the market amid uncertainties.

This caution is driven by ongoing tensions in international trade. The resurgence of a firm rhetoric from the White House towards China has negatively impacted investor sentiment. The tightening of U.S. controls on semiconductor exports to China, along with the announcement of a policy excluding Chinese students, contributes to a tense geopolitical climate likely to hinder global economic growth and, by extension, demand for industrial metals.

Precious Metals:
On the precious metals front, gold and silver experienced moderate movement over the week, with a slight downward trend. This dynamic reflects a market oscillating between some safe-haven demand amid geopolitical uncertainties and pressures linked to the strength of the dollar and global economic outlook.

Conclusion:
The metals market remains under pressure due to geopolitical risks, notably tensions between the United States and China. While copper shows notable resilience, other industrial metals face a general decline, signaling increased caution among market participants. Precious metals, though somewhat more stable, have not fully escaped bearish movements.

Investors will need to closely monitor developments in Sino-American relations as well as global economic indicators to better anticipate future movements in the metals market.