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Prolonged Iran war may push copper price below $10,000/t, disrupt sulphuric acid supply
As war in the Middle East continues, a prolonged Iran war would squeeze the big-three copper miners' earnings before interest, taxes, depreciation and amortisation (Ebitda) more than consensus reflects, with Bloomberg Intelligence’s (BI's) scenario showing that Southern Copper faces a 20% cut, Antofagasta a 32% cut and First Quantum a 55% cut. With this in mind, a report by BI global head of metals and mining Grant Sporre shows that oil of $150/bl-plus and curbed flows could drive copper below $10 000/t and result in a refined surplus of between 100 000 t to 200 000 t. BI posits that the copper price could slip ... (full story)
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From @MarketNews_Feed|Mar 25, 2026|21 comments*US WORKING TO ARRANGE IRAN TALKS IN PAKISTAN THIS WEEKEND: CNN ... VANCE MIGHT VISIT PAKISTAN FOR DISCUSSIONS ON IRAN, ACCORDING TO CNN. ...
From @financialjuice|Mar 25, 2026|4 commentsIran's Tasnim, citing an unnamed military source: Iran could activate the Bab El-mandeb Strait if attacks are carried out on Iranian territory or islands. Tasnim citing an Iranian military source: Iran has the will and capability to create a threat to the enemy in the Bab el-Mandeb Strait.
From kitco.com|Mar 25, 2026For those that read the articles I published and the interviews I gave at the end of 2025, you would know that I was warning that this bullish metals cycle could be completing as ...
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From finance.yahoo.com|Mar 25, 2026Gold extended gains Wednesday after snapping a nine-day losing streak as traders weighed the likelihood of US-Iran ceasefire talks. Bullion advanced as much as 2.8%, adding to a ...
From kitco.com|Mar 25, 2026While popular explanations for gold’s decline challenge the yellow metal’s status as a safe haven or cast doubt on the continuance of the U.S. dollar debasement trend, the real ...
From etftrends.com|Mar 25, 2026Earlier this year, when gold and silver started seeing shakier price performances, some turned to copper as a metal with strong fundamentals backing its rising prices. Now, ...
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- Mar 25, 2026 11:39am Posted byFundamental Analysis202
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