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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...

In April, 3M LME copper traded within a range of 12,212–13,481.5 usd/ton, reflecting heightened volatility driven by geopolitical developments in the Middle East and shifting global growth expectations. Throughout the month, copper prices experienced a volatile trend. In the early part of April, markets showed a weak performance amid a cautious stance toward developments in the region. In the first days of the month, an announced ceasefire agreement provided some relief to global growth...

In March, 3M LME copper prices traded within a volatile range of $11,700 – $13,433 per ton. Price movements throughout the month were primarily driven by geopolitical developments, macroeconomic expectations, and investor sentiment. At the beginning of the month, escalating tensions between the United States, Israel, and Iran, along with Iran’s effective closure of the Strait of Hormuz—a critical route for global commodity trade—heightened concerns over potential supply disruptions,...