Title: Base Metal Prices Rebound on LME Following Yesterday's Sharp Decline

As metal prices rise, LME three-month copper increased by 2.3% to $9,531.50 per ton, aluminum rose by 1.8% to $2,662.50 per ton, and zinc surged by 3.6% to $3,073 per ton. Major metals rebounded slightly after Donald Trump's victory in the U.S. presidential election triggered a sharp wave of selling. Copper had finished Wednesday's session down by 3.5%. Citi analysts highlighted that the medium-term outlook for base metals is becoming increasingly uncertain. According to Citi's economists for China, the outlook now depends on the scale and timing of the tariffs proposed by Trump on China, as well as China's response. They projected that a 60% tariff on the country’s goods would reduce China's GDP by 2.4% and decrease demand for metals. Citi maintains an overall neutral stance on base metals until early 2025.