Copper Remains Under Pressure

2026-03-30 05:51 By Jam Kaimo Samonte 1 min. read

Copper held below $5.5 per pound on Monday, struggling for traction as investors navigated ongoing hostilities in the Middle East that showed no signs of easing.

Tensions escalated as Iran-backed Houthi militants in Yemen joined the conflict, targeting Israel over the weekend.

President Donald Trump also said he could “take the oil in Iran,” echoing the US military operation in Venezuela earlier this year.

Copper and other industrial metals have come under pressure this month as disruptions from the conflict and surging energy prices heightened concerns over inflation and slowing global industrial activity.

Upward price pressures have also reinforced expectations that major central banks may raise interest rates this year, with markets are now pricing in a potential rate increase from the Federal Reserve, a sharp reversal from earlier expectations for two rate cuts.



News Stream
Copper Remains Under Pressure
Copper held below $5.5 per pound on Monday, struggling for traction as investors navigated ongoing hostilities in the Middle East that showed no signs of easing. Tensions escalated as Iran-backed Houthi militants in Yemen joined the conflict, targeting Israel over the weekend. President Donald Trump also said he could “take the oil in Iran,” echoing the US military operation in Venezuela earlier this year. Copper and other industrial metals have come under pressure this month as disruptions from the conflict and surging energy prices heightened concerns over inflation and slowing global industrial activity. Upward price pressures have also reinforced expectations that major central banks may raise interest rates this year, with markets are now pricing in a potential rate increase from the Federal Reserve, a sharp reversal from earlier expectations for two rate cuts.
2026-03-30
Copper Firms Up on Ceasefire Hopes
Copper rose toward $5.5 per pound on Friday and was set for its first weekly gain since the Middle East conflict began, supported by hopes for a diplomatic resolution between the US and Iran. President Donald Trump extended the deadline to strike Iranian energy infrastructure by 10 days to allow for negotiations, adding that Iran had permitted 10 oil tankers to pass through the Strait of Hormuz this week as a gesture of goodwill. However, reports indicated the Pentagon is considering sending up to 10,000 additional ground troops to the region, giving the White House more options at the negotiating table. Copper and other metals have come under pressure this month as disruptions from the conflict and surging energy prices heightened concerns over inflation and slowing global industrial activity.
2026-03-27
Copper is down by 2.01%
Copper decreased 2.01% to 5.418 USD/Lbs
2026-03-26