Copper Falls as Middle East Uncertainty Weighs -- Market Talk

Dow Jones04-02

0924 GMT - Copper prices fall as prospects of further U.S. escalation in Iran and uncertainty over when the conflict would end fuel worries over global economic growth and demand. In mid-morning European trading, three-month futures on the London Metal Exchange decline 1.4% to $12,300 a metric ton. "The sector has faced heavy downward pressure as hostilities threatened an inflationary shock for the world economy," analysts at ANZ say. Still, copper demand in China shows signs of recovery. Opportunistic buying has picked up, driving import premiums to a nine-month high, while stockpiles have dropped sharply, signaling continued underlying strength in the world's largest copper-consuming market. (giulia.petroni@wsj.com)

 

(END) Dow Jones Newswires

April 02, 2026 05:27 ET (09:27 GMT)

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