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Copper futures trade lower on Monday

22 Jun 2026 Evaluate

Copper futures are trading lower on Monday, extending recent losses after Rio Tinto resumed copper concentrate exports from its giant Oyu Tolgoi mine in Mongolia following a brief protest-related disruption. However, some falls are limited by declining Brent crude oil prices after Iran claimed progress in US-Iran peace talks, easing concerns around inflation and higher interest rates.

Copper futures for July delivery fell $0.0650 or 1.02% at $6.3205 a pound on the Comex metals division of New York Mercantile Exchange.