Copper prices decline amid US-Iran war escalation
after close1 source ↓written by the desknot a recommendation
- three-month copper
- 0.64%
- per metric ton
- $13,398.5
- drop
- 0.68%
- drop
- 103,100 yuan
- higher
- 0.06%
Copper prices fell on Monday, with the LME benchmark three-month copper down 0.64% to $13,398.5 per metric ton. The Shanghai Futures Exchange saw a 0.68% drop to 103,100 yuan. Domestic MCX copper futures traded 0.06% higher at ₹1,294.35 per kg, after hitting an intraday low of ₹1,283.80. The renewed US-Iran conflict has heightened inflation and interest rate hike fears, leading to a risk-off sentiment among investors.
Not investment advice. For informational purposes only.