Copper Rebounds from 3-Month Low

2026-03-23 17:21 By Andre Joaquim 1 min. read

Copper prices in the US rose to above $5.4 per pound on Monday, bouncing from the over three-month low of $5.2 earlier in the session as hopes of de-escalation in the Middle East conflict improved the outlook on global manufacturing.

US President Trump stated that strikes on Iranian energy infrastructure would be suspended for five-days following constructive talks with Iran.

Tehran denied that the talks took place, but the US attempt to lower energy prices trimmed concerns of stagflation to support forecasts on factory activity.

Prices were also lifted by the pullback for the dollar as the development strengthens the case for a rate cut by the Federal Reserve this year.

Still, ample inventories maintained prices negative year-to-date.

Stockpiles at LME warehouses were close to their highest in six years, and those at the SHFE were near their highest on record.



News Stream
Copper Rebounds from 3-Month Low
Copper prices in the US rose to above $5.4 per pound on Monday, bouncing from the over three-month low of $5.2 earlier in the session as hopes of de-escalation in the Middle East conflict improved the outlook on global manufacturing. US President Trump stated that strikes on Iranian energy infrastructure would be suspended for five-days following constructive talks with Iran. Tehran denied that the talks took place, but the US attempt to lower energy prices trimmed concerns of stagflation to support forecasts on factory activity. Prices were also lifted by the pullback for the dollar as the development strengthens the case for a rate cut by the Federal Reserve this year. Still, ample inventories maintained prices negative year-to-date. Stockpiles at LME warehouses were close to their highest in six years, and those at the SHFE were near their highest on record.
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Copper Pressured by Global Growth Concerns
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