In a nutshell: . METALS and MINING - Mining Momentum Monitor . BHP GROUP (=) - Roundtable roundup . BARRICK (=) NEWMONT (+) - Precious prices holding up but remaining selective amongst the equities . STEEL EU - EU to retaliate following return of US steel/alu tariffs . STEEL - EU safeguards likely to disappoint . CHINA AUTOS - NEVs and exports continued to drive growth in February Daily Prices as of March 11th / PRICE MOVERS . MACRO/COMMODITY WRAP: Trump''s steel and aluminium tariffs take effect today, while the EU launched countermeasures on Wednesday against the US metals tariffs, with plans to impose its own duties on EUR 26bn worth of American goods. Ukraine accepted a US proposal for a 30-day truce with Russia as part of a deal with the Trump administration to lift its freeze on military aid and intelligence for Kyiv. Base metals traded mostly higher on SHFE this morning; copper +0.9%, aluminium +0.6%, zinc +0.4%, nickel -0.6%. China issued more licenses to copper smelters allowing them to export metal tax-free, which will aid local producers and increase overseas sales. Iron ore futures retreated on the DCE (-0.3%) and SGX (-0.5%) today as tariff uncertainty led to concerns of recession risk. Gold (2,910/oz) steadied this morning ahead of the US CPI print which could help to gauge the Fed''s interest rate path. . Macro data this week: US CPI (consensus +2.9% y/y) today, Eurozone Industrial Production (consensus +0.6% m/m) tomorrow, University of Michigan Sentiment (consensus 65.0) on Friday. . STEEL EU - EU to retaliate following return of US steel/alu tariffs: In response to US tariffs on EU steel and aluminum imports (entering into force March 12), the European Commission today announced the implementation of countermeasures on US imports into the EU. The EU countermeasures can affect EUR 26b of US exports. ''As the US are applying tariffs worth 28 billion dollars, we are responding with countermeasures worth EUR26...