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Copper spikes higher after Trump postpones military strikes on Iranian power plants
Copper prices jumped on Monday after U.S. President Donald Trump said he will order the U.S. military to postpone any military strikes against Iranian power plants and energy infrastructure. Benchmark copper on the London Metal Exchange was up 1.7% at $12,132 a metric ton at 1127 GMT. It had hit a three-month low at $11,700 a ton after Iran said it would attack Israel’s power plants and those supplying U.S. bases across the Gulf region if Donald Trump carries out his threat to “obliterate” Iran’s power network. Traders said a relief rally was propelling industrial metal prices higher as was the softer U.S. ... (full story)
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- Mar 23, 2026 8:15am Posted byFundamental Analysis176
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