Copper price slides as monster storm bears down on Chile and Iran flare-up rattles metals

Mining07-16 17:43

Copper retreated in after-hours trading on Thursday as an escalation in US-Iran hostilities sparked a broad selloff across metals. Damage to copper prices was more limited than gold and silver as a ...

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Damage to copper prices was more limited than gold and silver as a ...</p>\n\n<a href=\"https://www.mining.com/monster-storm-bears-down-on-chiles-copper-mines-as-iran-flare-up-rattles-metals/\">Source Link</a>\n\n</div>\n","source":"mining_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Copper price slides as monster storm bears down on Chile and Iran flare-up rattles metals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCopper price slides as monster storm bears down on Chile and Iran flare-up rattles metals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-16 17:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mining.com/monster-storm-bears-down-on-chiles-copper-mines-as-iran-flare-up-rattles-metals/><strong>Mining</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Copper retreated in after-hours trading on Thursday as an escalation in US-Iran hostilities sparked a broad selloff across metals. Damage to copper prices was more limited than gold and silver as a ...</p>\n\n<a href=\"https://www.mining.com/monster-storm-bears-down-on-chiles-copper-mines-as-iran-flare-up-rattles-metals/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_QC","symbol_name":"迷你铜","start_time":0,"source_url":"https://www.mining.com/monster-storm-bears-down-on-chiles-copper-mines-as-iran-flare-up-rattles-metals/","article_id":"2652473756","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2025/04/copper-smelting-chuquicamata-mine-chile-1.jpg"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/monster-storm-bears-down-on-chiles-copper-mines-as-iran-flare-up-rattles-metals/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2652473756","pubTimestamp":1784194980,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"A potential Category 5 atmospheric river is battering the world’s biggest copper producer just as US strikes near Iran’s export terminal rattle metals markets.","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","COPX":"铜矿ETF-Global X","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","BK4566":"资本集团","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0266512473.USD":"JPM GLOBAL NATURAL RESOURCES \"C\" (USD) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","EART":"Global X Rare Earth & Critical Materials ETF","COPP":"Sprott Copper Miners ETF","UYM":"基础材料指数ETF-ProShares两倍做多","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","FCXG":"Leverage Shares 2X Long FCX Daily ETF","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","GMET":"VANECK GREEN METALS ETF","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU0505663152.USD":"abrdn SICAV I - FUTURE MINERALS \"A\" (USD) ACC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4588":"碎股","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","CPXR":"USCF DAILY TARGET 2X COPPER INDEX ETF","DBB":"基础金属ETF-PowerShares","SETM":"Sprott Critical Materials ETF","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","PICK":"iShares MSCI Global Metals & Mining Producers ETF","XME":"金属与采矿指数ETF-SPDR","FCX":"麦克莫兰铜金","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU0072463663.USD":"Blackrock Latin American A2 USD","ICOP":"iShares Copper and Metals Mining ETF","CPER":"美国铜指数基金","COPA":"Themes Copper Miners ETF","BK4535":"淡马锡持仓","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","COPJ":"SPROTT JUNIOR COPPER MINERS ETF","SCCO":"南方铜业","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","BK4585":"ETF&股票定投概念","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD"},"translate_title":"智利和伊朗的怪物风暴导致铜价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MHGmain":0.9,"QCmain":0.9,"HGmain":0.68,"FCXG":0.6,"ICOP":0.9,"CPXR":0.9,"COPX":1.5,"CPER":0.9,"COPJ":0.9,"COPA":0.6,"GMET":0.6,"DBB":1.5,"XME":0.9,"FCX":1,"COPP":0.9,"SETM":1.5,"UYM":0.9,"PICK":1.5,"EART":0.6,"SCCO":1},"content_text":"Copper retreated in after-hours trading on Thursday as an escalation in US-Iran hostilities sparked a broad selloff across metals. Damage to copper prices was more limited than gold and silver as a powerful storm sweeping across Chile kept supply risks squarely in view.\nCopper for September delivery settled little changed at $6.342 per pound ($13,980 a tonne) on the Comex, holding near three-week highs, before sliding 1.1% to $6.27 a pound in evening trade as of 9 p.m. in New York. The most-active contract is now trading about 6% below the all-time high above $6.60 a pound set in early June. In London, three-month copper ended the midweek session at $13,585 a tonne, with LME cash copper up nearly 8% so far this year.\n\nLive Copper Price Chart and Real-Time Updates\n\nThe late-session pressure came after the US struck an oil tanker near Iran’s main export terminal for the first time since the restart of the blockade, driving the dollar and bond yields higher and rekindling expectations that the Federal Reserve may need to hike rates to contain oil-fuelled inflation. Gold fell 2.1% to below $4,000 an ounce and silver dropped almost 4%, while the S&P 500 lost 0.5%.\nCategory 5\nCopper’s relative resilience owes much to Chile, where a major winter storm — classified as a potential Category 5 atmospheric river, the highest rating for such events — began sweeping across the country on Thursday, knocking out power and damaging homes in the south before an expected hit on the central copper heartland with as much as 150 millimetres of rain.\n“We are going to have power outages,” Interior Undersecretary Máximo Pavez said Thursday. “We are doing everything possible so that authority coordination means a swift restoration of service, but with the wind we have, that service will be affected.”\nThe government convened emergency talks with mining industry representatives earlier this week and is coordinating with miners to make infrastructure, equipment and machinery available for the response, according to a Mining Ministry statement. The country’s largest copper export terminals remain largely operational.\nThe storm threat lands on an already stretched supply picture. Antofagasta reported this week that first-half copper output dropped 9.5% to 285,000 tonnes on lower production at two key mines, BHP has flagged declining Chilean output for next year, and the IEA warned just today that constraints on sulphuric acid supply have left the copper market facing a near-term outlook that has “worsened considerably”.\nChile’s own government underscored the tension on Wednesday: it cut its 2026 economic growth forecast to 1.8%, citing “elevated uncertainty associated with the conflict in the Middle East” — while raising its 2026 copper price assumption to $5.90 per pound from $5.46, joining a lengthening list of upgraded copper forecasts.\nMiners caught in the selloff\nCopper equities took the Iran news harder than the metal. Freeport-McMoRan (NYSE: FCX) fell 4% and Ivanhoe Mines (TSX: IVN) lost 4.9%, while Antofagasta (LSE: ANTO) gave up 4.1% after its production report and Southern Copper (NYSE: SCCO) shed 3.2%. BHP (ASX: BHP) slipped 2.3% on the day of its full-year results. \n(With files from Bloomberg and Reuters)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652473756","isCrawlerRequest":true}