In February 2025, the global metals market faced volatility due to U.S. tariffs, geopolitical tensions, and supply chain shifts. Steel and aluminum tariffs drove stockpiling and equity gains, while gold hit record highs. Copper markets reacted to potential tariffs, zinc saw price declines, and nickel remained under pressure from oversupply. Key developments in March, including trade retaliations and industry summits, will shape market trends.