Copper futures rebounded to around $5.5 per pound on Friday after hitting multi-month lows in the previous session, supported by reassurances from the US and Israel regarding the Middle East conflict. US President Donald Trump said the US is not considering deploying ground troops against Iran, while Israeli Prime Minister Benjamin Netanyahu confirmed Israel would hold off on further strikes on Iranian energy infrastructure. The conflict has pressured metals markets amid concerns that rising energy prices could slow global manufacturing and economic activity. Despite the rebound, copper is set for a third consecutive weekly loss, as surging exchange inventories point to softer physical demand. Analysts highlighted weaker Chinese consumption and reduced shipments to the US, slowed by tariffs. Additionally, major central banks signaled a bias toward tighter monetary policy this week amid elevated inflation risks from higher energy costs.
Related Articles
Check Also
Close
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





