Copper Holds Decline on Rate Hike Fears

2026-06-08 04:15 By Jam Kaimo Samonte 1 min. read

Copper futures remained below $6.3 per pound on Monday after falling roughly 6% over the previous three sessions, pressured by robust US jobs data that strengthened expectations for a Federal Reserve interest rate increase later this year.

Escalating tensions in the Middle East also added to market concerns after Iran launched missiles toward Israel, driving energy prices higher and raising fears of persistent inflation.

Higher inflation and tighter monetary policy could weigh on economic growth and curb demand for industrial metals such as copper.

Meanwhile, the Trump administration's June deadline to decide on potential new US import tariffs has encouraged additional copper shipments into the United States, tightening supply in other regions.

On the demand side, data showed copper inventories in warehouses monitored by the Shanghai Futures Exchange fell to their lowest level of the year last week, pointing to resilient consumption and strong buying activity in China.



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Copper Holds Decline on Rate Hike Fears
Copper futures remained below $6.3 per pound on Monday after falling roughly 6% over the previous three sessions, pressured by robust US jobs data that strengthened expectations for a Federal Reserve interest rate increase later this year. Escalating tensions in the Middle East also added to market concerns after Iran launched missiles toward Israel, driving energy prices higher and raising fears of persistent inflation. Higher inflation and tighter monetary policy could weigh on economic growth and curb demand for industrial metals such as copper. Meanwhile, the Trump administration's June deadline to decide on potential new US import tariffs has encouraged additional copper shipments into the United States, tightening supply in other regions. On the demand side, data showed copper inventories in warehouses monitored by the Shanghai Futures Exchange fell to their lowest level of the year last week, pointing to resilient consumption and strong buying activity in China.
2026-06-08
Copper is down by 2%
Copper decreased 2% to 6.3807 USD/Lbs
2026-06-05
Copper Falls on Rate Hike Concerns
Copper futures declined toward $6.3 per pound on Friday, retreating further from record highs as expectations for tighter monetary policy in response to an energy-driven inflation shock weighed on demand prospects. A prolonged Middle East conflict and the near-closure of the Strait of Hormuz also continued to pressure global growth expectations. Strong US labor market data further reinforced bets that the Federal Reserve will raise interest rates this year, marking a sharp shift from earlier expectations of rate cuts. Elsewhere, traders are monitoring potential US tariff decisions that could impose duties on copper imports, prompting increased shipments into US ports ahead of any policy change. Meanwhile, Chile, the world’s largest copper producer, reported its weakest April output in 23 years, raising concerns over tightening global supply.
2026-06-04