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Copper heads for broadly steady week as Iran headlines keep traders cautious
London and Shanghai copper were on track to log a largely rangebound week on Friday, as investors weighed shifting headlines around US-Iran peace talks. Three-month copper on the London Metal Exchange rose 0.61% to $13,598.50 a metric ton by 0330 GMT. The most-traded copper contract on the Shanghai Futures Exchange dipped 0.24% to 104,480 yuan ($15,365.16) a ton. For the week, LME copper rose 0.65% so far, while the Shanghai copper ticked 0.11% lower, with traders saying they are reluctant to take strong directional bets as geopolitical headlines continued to drive moves across oil, currencies and bond markets. Oil ... (full story)
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- May 22, 2026 2:00am Posted byFundamental Analysis92
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