
Copper futures slipped below $6.2 per pound on Monday, marking a third straight session of losses as growing evidence that the Middle East-driven energy price shock is fueling broader inflationary pressures reinforced expectations for tighter central bank policy. In the latest developments, President Donald Trump warned that Tehran is running out of time to reach an agreement with Washington, while Iranian media reports suggested negotiations remain at an impasse. Higher interest rates are seen weighing on the outlook for global economic growth and manufacturing activity, putting additional pressure on industrial metals demand. Sentiment was also dampened by signs of weakness in China’s economy, with retail sales and industrial production both missing expectations, while fixed asset investment unexpectedly contracted, raising concerns about demand prospects in the world’s largest copper consumer.

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