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Copper ticks higher on Chile supply worries and hopes for Iran war deal
Copper prices edged higher on Wednesday on hopes that the Iran war was nearing an end and after top producer Chile cut its production outlook. Benchmark three-month copper on the London Metal Exchange was up 0.4% to $13,470 a metric ton by 0935 GMT after touching its weakest since May 8 at $13,350. LME copper has slipped from its highest in more than three months at $14,196.50 a week ago, driven down by profit-taking, a strong dollar and worries over demand in top metals consumer China. "The small gains we're seeing today are primarily a reaction to the wider market, where we're seeing some risk-on coming ... (full story)
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- May 20, 2026 6:31am Posted byFundamental Analysis86
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