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Copper drifts to three-week high as investors balance Iran with Chinese demand
Copper prices crept to their highest in more than three weeks on Friday as investors weighed signs of improved demand in top metals consumer China against uncertainty over a fragile ceasefire in the Iran war. Benchmark three-month copper on the London Metal Exchange was up 0.5% at $12,742.50 a metric ton by 0930 GMT after touching its highest since March 8 at $12,780. It was set to end the week up more than 3%. LME copper has gained 9% since March 23, when it sank to the lowest in over three months, on hopes for ending the war in the Middle East, which may damage the global economy and metals demand. “I don’t ... (full story)
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- Apr 10, 2026 7:16am Posted byFundamental Analysis136
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