Copper prices edge lower amid macro concerns and conflict
Benchmark copper on the London Metal Exchange declined 0.36 percent to 13,566.50 dollars a ton as geopolitical volatility and inflation concerns offset support from potential U.S. tariffs. Markets remain cautious ahead of U.S. inflation data and potential interest rate hikes.
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Copper prices fell 0.36% to $13,566.5 per ton on Wednesday morning as Middle East volatility and macro headwinds pressured industrial metals. The decline follows a period of price support driven by proposed United States tariff hikes on imports. High energy costs and interest rate uncertainty are impacting the demand outlook for global manufacturing.
