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    Global Trade

    China, US extend trade truce for two months

    Written by Stephanie Ritenbaugh


    The US and China agreed to extend their pause on trade actions that were scheduled to take effect Tuesday, Nov. 10, as the two countries continue to negotiate tariffs.

    The pause was part of a deal reached in September. It will now extend through Jan. 10, 2027.

    Stephanie Ritenbaugh

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    Edward Meir’s week in review and thoughts for the week of Nov. 9, 2026

    Base metals prices had a mostly lower week, apart from nickel, which ended up by about 7% on growing talk that production and export quotas out of Indonesia could be introduced. This kind of speculation has been in and out of the market for some time now. But nothing has come out of it, and overall nickel output from the country continues to grow. Tin and copper were among the bigger losers last week, off by about 2.7% and 5%, respectively. The two are most closely associated with the AI/semiconductor trade. Zinc shed about 3.4% on the week but was quite strong over the last two weeks, and so the retreat was not surprising. Aluminum ended the week just about flat, while lead finished down by about 1.2%.