(Bloomberg) -- Aluminum fell and copper was little changed as metals markets opened Monday on a cautious note before President Donald Trump’s crunch talks with Volodymyr Zelenskiy.

Ukraine’s president is due to meet Trump later Monday to decide on the next steps after a US-Russia summit ended without US sanctions or a ceasefire. Late Sunday in Washington, the US leader said in a social media post that Zelenskiy “can end the war with Russia almost immediately, if he wants to, or he can continue to fight.”

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Metals were muted last week, after data from China pointed to a marked slowdown for the world’s second-biggest economy. Investors are also monitoring prospects for US interest rates, with a firm expectation for a rate cut next month. Federal Reserve Chair Jerome Powell’s speech to the bank’s Jackson Hole summit later this week will be closely watched.

“The global economy continues to face challenges arising from heightened geopolitical tensions and persistent trade barriers, prompting major international institutions to revise down their growth forecasts,” aluminum producer China Hongqiao Group Ltd. said in its half-year report Friday.

Aluminum on the London Metal Exchange fell 0.6% to $2,592.50 a ton by 10:24 a.m. Shanghai time, while copper and zinc were both up 0.1%.

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