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Copper futures trade lower in early deals on Monday

18 May 2026 Evaluate
Copper futures are trading lower on Monday as Brent crude surged above $110 per barrel, driven by severe supply concerns following US President Donald Trump renewed threats against Iran as the two sides remain far apart on a deal to end the conflict and reopen the Strait of Hormuz. Moreover, deepening inflationary concerns also fuelled speculation that central banks will need to keep tightening monetary policy, which could hurt metals by slowing global growth and crimping demand from manufacturers. Copper prices also slid cautiously amid a string of weak Chinese economic data, raising concerns about demand prospects in the world’s top copper consumer.

Copper futures for July delivery fell $0.06 or 0.95% at $6.2350 a pound on the Comex metals division of New York Mercantile Exchange.

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