Copper Prices Slip as Traders Eye Talks to End Iran Conflict | Metals Mine

  • Copper Prices Slip as Traders Eye Talks to End Iran Conflict

    From finance.yahoo.com

    Copper edged lower as traders eyed the prospect of peace negotiations between the US and Iran. The US and Iran are considering extending their ceasefire that ends on Tuesday by another two weeks to allow more time to negotiate a peace agreement, according to a person familiar with the matter. Mediators between the warring sides are trying to set up technical talks to resolve the most contentious issues, said the person, who asked not to be named discussing sensitive matters. Those include reopening the Strait of Hormuz and Iran’s nuclear enrichment, they said. Most base metals have been whipsawed since the conflict ... (full story)

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    Beige Book - April 2026

    From federalreserve.gov|Apr 15, 2026

    Overall economic activity increased at a slight to modest pace in eight of the twelve Federal Reserve Districts, while two Districts reported little change and two Districts reported slight to modest declines. The conflict in the Middle East was cited as a major source of uncertainty that complicated decision-making around hiring, pricing, and capital investment, with many firms adopting a wait-and-see posture. Manufacturing activity rose slightly to moderately in most Districts. Banking sector activity was generally steady with loan demand stable to up moderately. On balance, consumer spending increased slightly despite harsh winter weather in some regions and higher fuel prices. Many Districts continued to report signs of consumer financial strain, increased price sensitivity, and rising demand at food banks and other social service organizations, while spending among higher-income consumers was resilient. Housing market activity softened across several Districts as heightened uncertainty and rising mortgage rates dampened buyer demand. Commercial real estate markets improved, with strength in industrial properties, especially data center projects. Office markets saw solid demand for Class A space but weaker demand for lower-tier properties. Energy activity was up slightly as oil prices rose, though many producers remained cautious about increasing drilling due to uncertainty about the persistence of higher prices. Agricultural activity was mixed, and several Districts reported that rising crop prices helped offset steep price increases of fertilizer and fuel. Business outlooks varied amid widespread uncertainty about future conditions. FED BEIGE BOOK (DATA THRU APR 6): ECONOMIC ACTIVITY GREW AT SLIGHT TO MODEST PACE IN 8 OF 12 FED DISTRICTS; 2 FLAT, 2 REPORTED SLIGHT TO MODEST DECLINES FED BEIGE BOOK: BUSINESS OUTLOOKS MIXED AMID WIDESPREAD UNCERTAINTY; WAGES CONTINUED TO RISE ...

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