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LME Copper Extends Decline as Iran-Linked Inflation Fears, Weak China Data Weigh on Demand
Copper on the London Metal Exchange fell further on Monday, with inflation concerns linked to the Iran conflict affecting demand expectations. Weaker Chinese economic data and a firmer US Dollar also added pressure. Rising tensions between the US and Iran, alongside higher oil prices, increased fears of persistent inflation. This raised expectations of a tighter monetary policy response. The fall follows a strong recent period, with copper retreating from highs reached last week as macro risks grew. Even after the pullback, copper remains about 8% higher year-to-date. Earlier gains were supported by tech-related ... (full story)