LME three-month copper fell about 1.4% on Friday, after edging up 0.1% on Thursday, and is set for a weekly decline of about 0.5%. According to Jin10, the move came as escalating tensions in the Middle East stoked inflation concerns and weakened the outlook for industrial metals demand, while global stocks also declined.
BMI, a unit of Fitch Solutions, said copper is expected to trend lower over the next few months in the absence of a clear tariff-driven catalyst. The firm said weak industrial demand and the relatively limited supply impact from the U.S.-Iran conflict outweighed concerns about sulfuric acid supply, although low inventories continue to provide some support.
Copper Set for Weekly Loss as Middle East Tensions Weigh on Demand Outlook
2026-07-17 13:01:16
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Next article：
JustLend DAO Completes Fourth JST Buyback and Burn
