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London copper slips on Hormuz fears as demand gloom offsets supply chain woes

From brecorder.com

Copper fell slightly in London on Tuesday amid the latest escalation in the Middle East conflict, as demand fears offset concerns about a potential supply chain crunch. Benchmark three-month copper on the London Metal Exchange fell 0.18% to $13,516 a metric ton by 0300 GMT. The most-traded copper contract on the Shanghai Futures Exchange rose 0.64% to 103,950 yuan per ton after an overnight increase in LME prices. US President Donald Trump and Iran have announced competing blockades of the Strait of Hormuz. The US has renewed its attacks on Iran, and tankers have come under attack in the vital waterway. The ... (full story)

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  • Category: Fundamental Analysis