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Copper futures surge in early deals on Monday

15 Jun 2026 Evaluate
Copper futures surged in early deals on Monday due to the prospect of an end to hostilities after the United States and Iranian officials said they had agreed on a framework for a deal to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz. The announcement also pushed Brent oil prices to a two-month low, helping ease fears of stronger inflation and tighter monetary policy. Meanwhile weakness in the US dollar also made dollar-denominated commodities like copper cheaper for holders of other currencies, potentially boosting demand. Investors turned their attention to the US Federal Reserve’s first policy meeting under new chair Kevin Warsh, with markets widely expecting rates to remain unchanged. 

Copper futures for July delivery rose $0.1025 or 1.59% at $6.5475 a pound on the Comex metals division of New York Mercantile Exchange.

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