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Three-month LME copper prices traded within a range of USD 13,103.5–13,934 per tonne during July. Despite significant volatility throughout the month, copper prices ended July at USD 13,803 per tonne, posting a 3.16% monthly gain. Copper prices came under pressure at the start of the month as investors remained cautious amid uncertainty over potential U.S. tariffs on refined copper imports. In addition, escalating geopolitical tensions between the United States and Iran, together with...

Three-month LME copper prices traded in a range of USD 12,988–14,056 per tonne during June. The market started the month on a strong note as uncertainty surrounding U.S. tariff policies continued, leading to tighter copper supply outside the United States. Ongoing peace talks in the Middle East also remained in focus, while concerns over limited supply and Goldman Sachs' higher copper price forecast provided additional support to prices. In the middle of the month, market sentiment weakened...

3M LME copper prices started May on a weaker footing as geopolitical tensions in the Middle East fueled concerns over a potential slowdown in global economic growth. However, prices found support from U.S. President Donald Trump’s remarks suggesting a possible peace agreement with Iran, which helped ease concerns about the broader economic impact of the conflict. The return of Asian markets from holidays also contributed to improved sentiment. During the month, stronger than expected economic...