Copper Shrugs Off Middle East Uncertainty to Near Record High

Copper Shrugs Off Middle East Uncertainty to Near Record High

Copper Shrugs Off Middle East Uncertainty to Eye Record High

(Bloomberg) — Copper traded around its highest close ever — and other metals advanced — as traders shrugged off the apparent deadlock between the US and Iran to join a broader rally for risk assets.

Copper Hits Record $6.40 as Acid Shortage Crushes Smelters

EBM Newsdesk Analysis May 12, 2026 — Copper futures pushed above $6.40 per pound on the COMEX on Monday — a fresh record — even as London Metal Exchange warehouses hold 1.3 million tonnes of inventory and the International Copper Study Group has flipped its 2026 balance to a 96,000-tonne surplus. The trade is driven by China’s May-to-December sulfuric acid export ban removing roughly 3 million tonnes from the seaborne market, compounding shipmen…

The Overnight Report: Copper At 3-Month High

This article is part of the daily news updates from FNArena.com. Stay informed with the latest financial, business, and economic insights. Written by Admin US markets inched higher overnight with the S&P500 eeking out another fresh high.  After another weak day on the ASX200 yesterday, futures are pointing to a moderately positive start, possibly boosted by the ongoing rally in metal prices. World Overnight SPI Overnight 8746.00 + 13.00 0.15% …

Copper shrugs off Middle East turmoil, aims for record highs

Copper prices have been surging toward record highs, shrugging off Middle East war uncertainty as traders bet on strong demand and tight supply.The rally highlights how industrial metals are decoupling from geopolitical risk, with copper leading gains across the London Metal Exchange.Copper's price on the LME saw a 5% increase last week, significantly surpassing the performance of other industrial metals. This strong movement was likely attribut…